Kintayl Capital LP Makes New $1.48 Million Investment in Lamb Weston $LW

Kintayl Capital LP bought a new stake in shares of Lamb Weston (NYSE:LW) in the second quarter, HoldingsChannel reports. The institutional investor bought 34,331 shares of the specialty retailer’s stock, valued at approximately $1,482,000.

Several other hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp purchased a new position in shares of Lamb Weston during the second quarter valued at $25,000. MCF Advisors LLC grew its holdings in Lamb Weston by 44.2% during the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after acquiring an additional 199 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in Lamb Weston during the 2nd quarter worth about $29,000. Hantz Financial Services Inc. increased its position in Lamb Weston by 380.7% during the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock valued at $30,000 after purchasing an additional 571 shares during the period. Finally, Bell Investment Advisors Inc purchased a new position in Lamb Weston during the 2nd quarter valued at about $36,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Performance

LW stock opened at $55.20 on Wednesday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 2.44 and a beta of 0.46. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The firm has a 50-day simple moving average of $49.14 and a two-hundred day simple moving average of $45.75.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities analysts forecast that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LW. Weiss Ratings raised shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $52.00 price objective on shares of Lamb Weston in a research note on Monday, July 27th. Stifel Nicolaus upped their target price on Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 27th. Finally, Wells Fargo & Company increased their target price on Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Lamb Weston has an average rating of “Hold” and an average price target of $53.36.

Lamb Weston Company 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.