42,940 Shares in Lamb Weston $LW Bought by Expect Equity LLC

Expect Equity LLC acquired a new stake in shares of Lamb Weston (NYSE:LW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,940 shares of the specialty retailer’s stock, valued at approximately $1,854,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LW. BlackRock Inc. purchased a new position in Lamb Weston in the 2nd quarter worth approximately $730,276,000. Norges Bank bought a new position in shares of Lamb Weston in the 4th quarter worth $125,662,000. Price T Rowe Associates Inc. MD raised its position in shares of Lamb Weston by 27.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after buying an additional 2,111,874 shares in the last quarter. Ion Asset Management Ltd. purchased a new stake in shares of Lamb Weston during the 2nd quarter valued at $84,379,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Lamb Weston during the 2nd quarter worth $51,521,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $55.20 on Wednesday. The stock has a market cap of $7.59 billion, a PE ratio of 26.54, a PEG ratio of 2.44 and a beta of 0.46. The company’s fifty day moving average is $49.14 and its 200 day moving average is $45.75. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $67.07. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period in the prior year, the business posted $0.87 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Research analysts anticipate that Lamb Weston will post 3.06 earnings per share for the current year.

Lamb Weston Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s payout ratio is 73.08%.

Analyst Ratings Changes

Several research analysts recently issued reports on LW shares. Wells Fargo & Company upped their target price on shares of Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. TD Cowen raised their price target on Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a research report on Tuesday, July 28th. Wall Street Zen raised Lamb Weston from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $52.00 price objective on shares of Lamb Weston in a report on Monday, July 27th. Finally, JPMorgan Chase & Co. increased their price objective on Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $53.36.

Lamb Weston Profile

Lamb Weston, traded on the NYSE under the symbol LW, is a leading global processor and supplier of frozen potato products. The company’s portfolio includes a variety of potato-based items such as French fries, potato wedges, hash browns and specialty cuts tailored to the foodservice and retail grocery channels. Lamb Weston serves quick-service restaurants, full-service operators, grocery chains and food distributors, offering customized product formats, packaging solutions and seasoning options to meet evolving customer demands.

Founded in 1950 and headquartered in Eagle, Idaho, Lamb Weston has grown from a regional processor into one of the world’s largest producers of frozen potato products.