Park Avenue Securities LLC Acquires 1,910 Shares of Lamb Weston $LW

Park Avenue Securities LLC raised its holdings in shares of Lamb Weston (NYSE:LW) by 15.6% during the second quarter, Holdings Channel.com reports. The fund owned 14,168 shares of the specialty retailer’s stock after buying an additional 1,910 shares during the period. Park Avenue Securities LLC’s holdings in Lamb Weston were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Romano Brothers AND Company raised its holdings in Lamb Weston by 1.4% during the first quarter. Romano Brothers AND Company now owns 15,260 shares of the specialty retailer’s stock valued at $813,000 after acquiring an additional 218 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Lamb Weston by 2.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 10,971 shares of the specialty retailer’s stock valued at $585,000 after acquiring an additional 219 shares during the period. Concurrent Investment Advisors LLC raised its holdings in Lamb Weston by 4.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer’s stock valued at $319,000 after acquiring an additional 230 shares during the period. CX Institutional raised its holdings in Lamb Weston by 28.7% during the second quarter. CX Institutional now owns 1,165 shares of the specialty retailer’s stock valued at $60,000 after acquiring an additional 260 shares during the period. Finally, Smith Thornton Advisors LLC raised its holdings in Lamb Weston by 6.8% during the first quarter. Smith Thornton Advisors LLC now owns 4,300 shares of the specialty retailer’s stock valued at $229,000 after acquiring an additional 275 shares during the period. 89.56% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LW shares. Bank of America reduced their target price on Lamb Weston from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 18th. Wells Fargo & Company lifted their target price on Lamb Weston from $65.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. JPMorgan Chase & Co. started coverage on Lamb Weston in a report on Wednesday, August 20th. They issued a “neutral” rating and a $57.00 target price on the stock. Finally, Barclays lifted their target price on Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Three analysts have rated the stock with a Buy rating and six have issued 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 $65.33.

Lamb Weston Trading Up 4.6%

LW opened at $55.27 on Friday. The firm has a market cap of $7.70 billion, a P/E ratio of 22.02, a P/E/G ratio of 2.25 and a beta of 0.49. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The company has a current ratio of 1.38, a quick ratio of 0.68 and a debt-to-equity ratio of 2.12. The stock has a 50-day moving average of $55.52 and a 200 day moving average of $53.93.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Wednesday, July 23rd. The specialty retailer reported $0.87 EPS for the quarter, topping the consensus estimate of $0.64 by $0.23. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.59 billion. Lamb Weston had a return on equity of 27.99% and a net margin of 5.54%.The firm’s revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $0.78 earnings per share. Lamb Weston has set its FY 2026 guidance at EPS. As a group, research analysts forecast that Lamb Weston will post 3.1 EPS for the current year.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be given a $0.37 dividend. The ex-dividend date is Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.7%. Lamb Weston’s dividend payout ratio (DPR) is currently 58.96%.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets frozen potato products worldwide. The company operates through four segments: Global, Foodservice, Retail, and Other. It offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.