Lamb Weston $LW Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Decreases Stake

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its stake in shares of Lamb Weston (NYSE:LW) by 60.6% during the 3rd quarter, Holdings Channel reports. The firm owned 9,100 shares of the specialty retailer’s stock after selling 14,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Lamb Weston were worth $379,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LW. Jones Financial Companies Lllp bought a new stake in shares of Lamb Weston during the 2nd quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Lamb Weston in the 2nd quarter valued at approximately $29,000. Bell Investment Advisors Inc bought a new position in shares of Lamb Weston in the second quarter valued at $36,000. Kimelman & Baird LLC bought a new position in shares of Lamb Weston in the second quarter valued at $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Lamb Weston in the second quarter valued at $44,000. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

NYSE:LW opened at $55.25 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.45 and a debt-to-equity ratio of 1.98. The stock’s 50 day moving average price is $50.00 and its two-hundred day moving average price is $46.90. The firm has a market capitalization of $7.61 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 2.00 and a beta of 0.49. Lamb Weston has a 12-month low of $37.62 and a 12-month high of $62.87.

Lamb Weston (NYSE:LW) last released its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. Lamb Weston had a return on equity of 23.27% and a net margin of 3.85%. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was up .7% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. On average, analysts anticipate that Lamb Weston will post 3.24 earnings per share for the current year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 6th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, November 6th. Lamb Weston’s dividend payout ratio is 83.06%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus boosted 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. Zacks Research upgraded shares of Lamb Weston from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 9th. Stephens increased their price target on shares of Lamb Weston from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $53.00 price objective on shares of Lamb Weston in a research report on Wednesday, October 7th. Finally, TD Cowen boosted their price objective on shares of Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.82.

Lamb Weston Company Profile

Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.

Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.