Pallas Capital Advisors LLC Purchases New Shares in Lamb Weston $LW

Pallas Capital Advisors LLC purchased a new stake in shares of Lamb Weston (NYSE:LW) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,174 shares of the specialty retailer’s stock, valued at approximately $482,000.

Other institutional investors have also added to or reduced their stakes in the company. MCF Advisors LLC lifted its position in Lamb Weston by 44.2% during the fourth quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock valued at $27,000 after buying an additional 199 shares during the period. Hantz Financial Services Inc. grew its position in shares of 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 buying an additional 571 shares during the period. Bell Investment Advisors Inc purchased a new stake in shares of Lamb Weston in the 2nd quarter worth about $36,000. Danske Bank A S bought a new position in shares of Lamb Weston in the 3rd quarter worth about $52,000. Finally, Larson Financial Group LLC increased its stake in shares of Lamb Weston by 47.1% in the 3rd quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock worth $55,000 after acquiring an additional 305 shares in the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 3.7%

Shares of NYSE LW opened at $53.90 on Thursday. The firm’s 50 day moving average price is $48.42 and its 200-day moving average price is $45.53. Lamb Weston has a 52-week low of $37.62 and a 52-week high of $67.07. 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 $7.41 billion, a PE ratio of 25.91, a P/E/G ratio of 2.32 and a beta of 0.46.

Lamb Weston (NYSE:LW) last announced its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.24. Lamb Weston had a net margin of 4.39% and a return on equity of 23.33%. The company had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm earned $0.87 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. On average, equities research analysts expect that Lamb Weston will post 3.06 EPS for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.8%. Lamb Weston’s dividend payout ratio (DPR) is presently 73.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on LW. JPMorgan Chase & Co. lifted their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a research report on Thursday, July 9th. 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 report on Saturday, August 1st. Stephens boosted their price target on Lamb Weston from $46.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Finally, Stifel Nicolaus boosted their price target on Lamb Weston from $45.00 to $52.00 and gave the stock a “hold” rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Lamb Weston presently has a consensus rating of “Hold” and a consensus price target of $53.36.

Lamb Weston 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.