Lamb Weston $LW Shares Newly Purchased by First Nebraska Trust Co

First Nebraska Trust Co purchased a new position in Lamb Weston (NYSE:LW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 112,599 shares of the specialty retailer’s stock, valued at approximately $4,693,000. First Nebraska Trust Co owned approximately 0.08% of Lamb Weston as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in Lamb Weston during the 2nd quarter valued at approximately $730,276,000. JANA Partners Management LP increased its holdings in Lamb Weston by 7.7% during the 2nd quarter. JANA Partners Management LP now owns 5,394,635 shares of the specialty retailer’s stock worth $232,940,000 after purchasing an additional 386,000 shares during the last quarter. State Street Corp increased its holdings in Lamb Weston by 6.4% during the 2nd quarter. State Street Corp now owns 4,869,644 shares of the specialty retailer’s stock worth $210,271,000 after purchasing an additional 294,120 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lamb Weston by 28.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,742,208 shares of the specialty retailer’s stock valued at $115,865,000 after purchasing an additional 601,171 shares in the last quarter. Finally, Douglas Lane & Associates LLC raised its position in shares of Lamb Weston by 7.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 1,811,598 shares of the specialty retailer’s stock valued at $75,526,000 after purchasing an additional 129,243 shares in the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Analyst Upgrades and Downgrades

LW has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $53.00 target price on shares of Lamb Weston in a research note on Wednesday, October 7th. Stifel Nicolaus lifted their price target on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research note on Monday, July 27th. Zacks Research upgraded shares of Lamb Weston from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Barclays upped their price target on shares of Lamb Weston from $56.00 to $58.00 and gave the company an “overweight” rating in a report on Thursday, October 8th. Finally, Sanford C. Bernstein increased their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $53.82.

Lamb Weston Stock Down 2.8%

NYSE:LW opened at $55.02 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.77 and a current ratio of 1.45. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.05 and a beta of 0.49. Lamb Weston has a one year low of $37.62 and a one year high of $63.07. The stock has a 50-day simple moving average of $49.96 and a 200 day simple moving average of $46.72.

Lamb Weston (NYSE:LW) last announced its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.16. Lamb Weston had a return on equity of 23.27% and a net margin of 3.85%. The firm had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Lamb Weston’s revenue for the quarter was up .7% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. Sell-side analysts predict that Lamb Weston will post 3.24 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 6th will be issued 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 is Friday, November 6th. Lamb Weston’s payout ratio is 83.06%.

About Lamb Weston

Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.

Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.