Jupiter Topco LLC Invests $21.56 Million in Lamb Weston $LW

Jupiter Topco LLC acquired a new position in Lamb Weston (NYSE:LW) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 499,335 shares of the specialty retailer’s stock, valued at approximately $21,560,000.

A number of other institutional investors also recently bought and sold shares of the stock. Jones Financial Companies Lllp purchased a new stake in Lamb Weston in the second quarter worth about $25,000. MCF Advisors LLC grew its stake in shares of Lamb Weston by 44.2% during the 4th 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. bought a new position in shares of Lamb Weston during the 2nd quarter valued at approximately $29,000. Hantz Financial Services Inc. increased its holdings in Lamb Weston by 380.7% in the 4th quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 571 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in Lamb Weston in the 2nd quarter worth approximately $36,000. 89.56% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on LW shares. Stephens lifted their price target on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. 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 upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. lifted their target price on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Stifel Nicolaus upped their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Trading Up 0.3%

LW stock opened at $54.94 on Friday. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The company has a debt-to-equity ratio of 1.97, a current ratio of 1.42 and a quick ratio of 0.74. The company has a market capitalization of $7.55 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 2.44 and a beta of 0.46. The business has a 50 day simple moving average of $49.76 and a two-hundred day simple moving average of $45.90.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) 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 company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Research analysts anticipate that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be paid 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 (DPR) 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.