Grandfield & Dodd LLC Takes $12.74 Million Position in Lamb Weston $LW

Grandfield & Dodd LLC purchased a new stake in Lamb Weston (NYSE:LW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 294,958 shares of the specialty retailer’s stock, valued at approximately $12,736,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Lamb Weston during the second quarter worth $730,276,000. Pallas Capital Advisors LLC acquired a new stake in Lamb Weston during the second quarter worth approximately $482,000. Deutsche Bank AG acquired a new stake in Lamb Weston during the 2nd quarter worth approximately $1,544,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Lamb Weston in the second quarter valued at about $44,000. Finally, Bell Investment Advisors Inc bought a new stake in Lamb Weston in the 2nd quarter valued at about $36,000. Institutional investors own 89.56% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LW. Stephens upped their target price 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. Stifel Nicolaus raised their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, July 27th. Wall Street Zen upgraded Lamb Weston from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. boosted 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. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $52.00 target price on shares of Lamb Weston in a research report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Lamb Weston presently has an average rating of “Hold” and a consensus target price of $53.36.

Lamb Weston Stock Down 1.2%

LW stock opened at $52.42 on Tuesday. Lamb Weston has a fifty-two week low of $37.62 and a fifty-two week high of $67.07. The stock’s 50 day simple moving average is $48.06 and its 200 day simple moving average is $45.42. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.42. The company has a market cap of $7.21 billion, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.37 and a beta of 0.46.

Lamb Weston (NYSE:LW) last posted its quarterly earnings results 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 business 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%. Lamb Weston’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, research analysts expect that Lamb Weston will post 3.06 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

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 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 dividend yield of 2.9%. Lamb Weston’s payout ratio is presently 73.08%.

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.