Lamb Weston $LW Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in Lamb Weston (NYSE:LW) by 72.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,147 shares of the specialty retailer’s stock after acquiring an additional 82,149 shares during the period. Cetera Investment Advisers’ holdings in Lamb Weston were worth $8,289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MCF Advisors LLC raised its stake in shares of Lamb Weston by 44.2% during the 4th 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 last quarter. Hantz Financial Services Inc. lifted its holdings 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 valued at $30,000 after buying an additional 571 shares during the period. Danske Bank A S purchased a new stake in shares of Lamb Weston in the third quarter worth about $52,000. Larson Financial Group LLC boosted its stake in shares of Lamb Weston by 47.1% in the third quarter. Larson Financial Group LLC now owns 953 shares of the specialty retailer’s stock worth $55,000 after buying an additional 305 shares during the last quarter. Finally, Transamerica Financial Advisors LLC grew its holdings in Lamb Weston by 121.1% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,130 shares of the specialty retailer’s stock worth $47,000 after acquiring an additional 619 shares during the period. Institutional investors and hedge funds own 89.56% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LW shares. Wall Street Zen upgraded Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays upped their price objective on Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Sanford C. Bernstein raised their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a research note on Tuesday. Stephens lifted their target price on shares of Lamb Weston from $46.00 to $55.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their target price on shares of Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research note on Monday. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.36.

Lamb Weston Price Performance

Shares of Lamb Weston stock opened at $52.62 on Friday. The firm has a market cap of $7.23 billion, a PE ratio of 25.30, a P/E/G ratio of 2.39 and a beta of 0.47. Lamb Weston has a twelve month low of $37.62 and a twelve month high of $67.07. The company has a quick ratio of 0.74, a current ratio of 1.42 and a debt-to-equity ratio of 1.97. The business has a 50-day moving average price of $45.80 and a 200 day moving average price of $44.69.

Lamb Weston (NYSE:LW) last issued its quarterly earnings results on Friday, July 24th. The specialty retailer reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.24. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the business posted $0.87 earnings per share. Lamb Weston’s revenue for the quarter was up 5.6% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. Sell-side analysts predict that Lamb Weston will post 3.05 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, August 7th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.9%. Lamb Weston’s dividend payout ratio (DPR) is 73.08%.

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.