Edgestream Partners L.P. Buys Shares of 73,101 Lamb Weston $LW

Edgestream Partners L.P. acquired a new position in shares of Lamb Weston (NYSE:LW) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 73,101 shares of the specialty retailer’s stock, valued at approximately $3,089,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Lamb Weston by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 16,679,203 shares of the specialty retailer’s stock worth $698,692,000 after buying an additional 43,766 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Lamb Weston by 27.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,824,690 shares of the specialty retailer’s stock valued at $411,558,000 after acquiring an additional 2,111,874 shares during the last quarter. State Street Corp raised its position in shares of Lamb Weston by 1.1% in the 2nd quarter. State Street Corp now owns 5,801,585 shares of the specialty retailer’s stock valued at $300,812,000 after acquiring an additional 63,865 shares during the period. Geode Capital Management LLC raised its position in shares of Lamb Weston by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 3,528,402 shares of the specialty retailer’s stock valued at $147,536,000 after acquiring an additional 21,256 shares during the period. Finally, Invesco Ltd. boosted its stake in Lamb Weston by 2.5% during the 3rd quarter. Invesco Ltd. now owns 3,286,305 shares of the specialty retailer’s stock worth $190,869,000 after acquiring an additional 79,257 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Stock Down 1.7%

LW stock opened at $52.62 on Friday. The firm has a market capitalization of $7.23 billion, a PE ratio of 25.30, a PEG ratio of 2.35 and a beta of 0.47. The company has a current ratio of 1.42, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97. Lamb Weston has a 1-year low of $37.62 and a 1-year high of $67.07. The business’s 50 day simple moving average is $45.80 and its 200 day simple moving average is $44.69.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.24. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, research analysts anticipate that Lamb Weston will post 3.05 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 7th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.52 annualized dividend and a yield of 2.9%. Lamb Weston’s dividend payout ratio is currently 73.08%.

Analyst Ratings Changes

Several analysts recently commented on LW shares. Sanford C. Bernstein raised their price objective on Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research note on Tuesday. Stephens upped 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. Weiss Ratings raised shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $52.00 target price on shares of Lamb Weston in a report on Monday, July 27th. Finally, Wells Fargo & Company upped their price objective on Lamb Weston from $54.00 to $57.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.36.

About Lamb Weston

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.