Lombard Odier Asset Management Europe Ltd Has $1.17 Million Position in Lamb Weston $LW

Lombard Odier Asset Management Europe Ltd cut its stake in shares of Lamb Weston (NYSE:LW) by 66.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,597 shares of the specialty retailer’s stock after selling 54,669 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Lamb Weston were worth $1,166,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arnhold LLC raised its stake in Lamb Weston by 710.2% during the 4th quarter. Arnhold LLC now owns 38,217 shares of the specialty retailer’s stock worth $1,601,000 after buying an additional 33,500 shares during the period. Dana Investment Advisors Inc. grew its stake in Lamb Weston by 44.8% in the fourth quarter. Dana Investment Advisors Inc. now owns 89,991 shares of the specialty retailer’s stock valued at $3,770,000 after acquiring an additional 27,835 shares during the period. Principal Financial Group Inc. grew its stake in Lamb Weston by 349.1% in the first quarter. Principal Financial Group Inc. now owns 690,493 shares of the specialty retailer’s stock valued at $29,180,000 after acquiring an additional 536,745 shares during the period. Texas Yale Capital Corp. bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $1,264,000. Finally, Easterly Investment Partners LLC bought a new stake in shares of Lamb Weston during the fourth quarter valued at approximately $3,071,000. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LW. Stephens upped their target price 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. Wall Street Zen raised shares of Lamb Weston from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays boosted their price target on shares of Lamb Weston from $50.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, July 27th. Wells Fargo & Company raised their price objective 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. Finally, Weiss Ratings upgraded shares of Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.36.

Lamb Weston Stock Up 1.0%

LW stock opened at $53.06 on Tuesday. 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 stock’s 50 day moving average is $45.98 and its 200-day moving average is $44.79. The firm has a market capitalization of $7.29 billion, a PE ratio of 25.51, a P/E/G ratio of 2.35 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, beating the consensus estimate 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 analysts’ expectations of $1.70 billion. During the same quarter in the previous year, the firm earned $0.87 earnings per share. Lamb Weston’s quarterly revenue 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 expect that Lamb Weston will post 3.05 EPS for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 7th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, August 7th. Lamb Weston’s payout ratio is currently 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.