Corient Private Wealth LP Takes Position in Lamb Weston $LW

Corient Private Wealth LP acquired a new position in Lamb Weston (NYSE:LW) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 27,717 shares of the specialty retailer’s stock, valued at approximately $1,197,000.

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stephens boosted their target price on Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Weiss Ratings upgraded Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Stifel Nicolaus boosted their price objective on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a report on Monday, July 27th. Wall Street Zen upgraded Lamb Weston from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Barclays upped their target price on Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Trading Down 1.1%

LW stock opened at $49.88 on Friday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 23.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.47. The company has a fifty day moving average price of $50.48 and a two-hundred day moving average price of $45.96. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74.

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

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 7th were paid a dividend of $0.38 per share. The ex-dividend date was Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.0%. Lamb Weston’s dividend payout ratio (DPR) is 73.08%.

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.