Jupiter Topco LLC Takes Position in Lamb Weston $LW

Jupiter Topco LLC purchased a new stake in shares of Lamb Weston (NYSE:LW) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 499,335 shares of the specialty retailer’s stock, valued at approximately $21,560,000. Jupiter Topco LLC owned approximately 0.36% of Lamb Weston as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LW. Jones Financial Companies Lllp bought a new position in Lamb Weston in the 2nd quarter valued at approximately $25,000. MCF Advisors LLC increased its holdings in shares of Lamb Weston by 44.2% in the 4th quarter. MCF Advisors LLC now owns 649 shares of the specialty retailer’s stock worth $27,000 after purchasing an additional 199 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Lamb Weston in the second quarter worth $29,000. Hantz Financial Services Inc. raised its stake in shares of Lamb Weston by 380.7% in the fourth quarter. Hantz Financial Services Inc. now owns 721 shares of the specialty retailer’s stock worth $30,000 after purchasing an additional 571 shares during the last quarter. Finally, Bell Investment Advisors Inc bought a new position in shares of Lamb Weston during the second quarter valued at $36,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

Lamb Weston Stock Up 0.3%

Lamb Weston stock opened at $54.94 on Friday. Lamb Weston has a one year low of $37.62 and a one year high of $67.07. The stock has a fifty day moving average of $49.76 and a 200 day moving average of $45.90. 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 stock has a market cap of $7.55 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.46.

Lamb Weston (NYSE:LW) last announced its earnings results 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 business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Lamb Weston had a return on equity of 23.33% and a net margin of 4.39%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. Lamb Weston has set its FY 2027 guidance at 2.950-3.250 EPS. As a group, sell-side analysts predict that Lamb Weston will post 3.06 EPS for the current year.

Lamb Weston Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Friday, August 7th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, August 7th. Lamb Weston’s dividend payout ratio is 73.08%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LW shares. Stifel Nicolaus increased their price objective on Lamb Weston from $45.00 to $52.00 and gave the company a “hold” rating in a research report on Monday, July 27th. Wells Fargo & Company upped their target price on shares of Lamb Weston from $54.00 to $57.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. raised their price target on shares of Lamb Weston from $43.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Barclays lifted their price target on shares of Lamb Weston from $50.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, July 27th. Finally, Sanford C. Bernstein increased their price objective on shares of Lamb Weston from $42.00 to $57.00 and gave the company a “market perform” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price 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.