Freestone Grove Partners LP Buys Shares of 284,038 Lamb Weston $LW

Freestone Grove Partners LP bought a new stake in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 284,038 shares of the specialty retailer’s stock, valued at approximately $12,265,000.

A number of other large investors also recently made changes to their positions in the business. Man Group plc purchased a new stake in shares of Lamb Weston in the second quarter worth approximately $963,000. Jupiter Topco LLC purchased a new position in Lamb Weston during the second quarter valued at approximately $21,560,000. Kintayl Capital LP acquired a new position in Lamb Weston in the 2nd quarter valued at approximately $1,482,000. Hsbc Holdings PLC acquired a new position in Lamb Weston in the 2nd quarter valued at approximately $8,193,000. Finally, Expect Equity LLC acquired a new position in Lamb Weston in the 2nd quarter valued at approximately $1,854,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Wall Street Zen raised shares of 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 set a $52.00 price objective on shares of Lamb Weston in a report on Monday, July 27th. Stephens lifted their price objective on Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Sanford C. Bernstein boosted their target price on Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research note on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Lamb Weston has a consensus rating of “Hold” and a consensus price target of $53.36.

Lamb Weston Stock Performance

LW stock opened at $54.94 on Friday. The firm has a 50 day moving average of $49.56 and a two-hundred day moving average of $45.84. Lamb Weston has a 12 month low of $37.62 and a 12 month high of $67.07. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 2.46 and a beta of 0.46. 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 released its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm earned $0.87 EPS. Lamb Weston’s revenue for the quarter was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, equities analysts anticipate that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s dividend payout ratio is presently 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.