Freestone Grove Partners LP Acquires New Holdings in 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 Form 13F filing with the SEC. The firm bought 284,038 shares of the specialty retailer’s stock, valued at approximately $12,265,000. Freestone Grove Partners LP owned 0.21% of Lamb Weston at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LW. Arnhold LLC raised its stake in shares of Lamb Weston by 710.2% in the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock worth $1,601,000 after buying an additional 33,500 shares in the last quarter. Dana Investment Advisors Inc. boosted its stake in Lamb Weston by 44.8% during the fourth quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock valued at $3,770,000 after buying an additional 27,835 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Lamb Weston by 349.1% during the first quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer’s stock valued at $29,180,000 after buying an additional 536,745 shares in the last quarter. Texas Yale Capital Corp. acquired a new position in Lamb Weston during the fourth quarter worth about $1,264,000. Finally, Hsbc Holdings PLC grew its holdings in Lamb Weston by 11.4% during the first quarter. Hsbc Holdings PLC now owns 525,541 shares of the specialty retailer’s stock worth $21,762,000 after acquiring an additional 53,655 shares during the period. 89.56% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price target on shares of Lamb Weston from $40.00 to $52.00 and gave the company a “hold” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price objective on shares of Lamb Weston from $43.00 to $48.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Stephens boosted their target price on shares of Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Sanford C. Bernstein increased their target price 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. Finally, 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. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Trading Down 0.6%

Shares of NYSE LW opened at $54.94 on Friday. 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 has a 12 month low of $37.62 and a 12 month high of $67.07. The company has a market cap 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 business has a fifty day simple moving average of $49.56 and a 200-day simple moving average of $45.84.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share 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 analysts’ expectations of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.Lamb Weston’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Sell-side analysts predict that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, August 7th. 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.