Lamb Weston $LW Shares Newly Purchased by First Nebraska Trust Co

First Nebraska Trust Co purchased a new position in Lamb Weston (NYSE:LW) during the third quarter, HoldingsChannel.com reports. The fund purchased 112,599 shares of the specialty retailer’s stock, valued at approximately $4,693,000.

Several other hedge funds and other institutional investors have also modified their holdings of LW. Jones Financial Companies Lllp bought a new stake in shares of Lamb Weston during the 2nd quarter valued at about $25,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Lamb Weston during the second quarter worth about $29,000. Bell Investment Advisors Inc acquired a new stake in Lamb Weston during the second quarter worth about $36,000. Kimelman & Baird LLC bought a new position in Lamb Weston in the second quarter worth about $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Lamb Weston in the second quarter worth about $44,000. 89.56% of the stock is owned by institutional investors and hedge funds.

Lamb Weston Stock Down 2.8%

LW stock opened at $55.02 on Wednesday. The firm’s 50-day moving average is $49.96 and its two-hundred day moving average is $46.72. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 18.67, a price-to-earnings-growth ratio of 2.05 and a beta of 0.49. Lamb Weston has a 52 week low of $37.62 and a 52 week high of $63.07. The company has a current ratio of 1.45, a quick ratio of 0.77 and a debt-to-equity ratio of 1.98.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 6th. The specialty retailer reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.16. Lamb Weston had a net margin of 3.85% and a return on equity of 23.27%. The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the firm posted $0.74 earnings per share. The business’s revenue was up .7% on a year-over-year basis. Lamb Weston has set its FY 2027 guidance at 3.050-3.350 EPS. On average, analysts forecast that Lamb Weston will post 3.24 earnings per share for the current fiscal year.

Lamb Weston Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 6th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, November 6th. Lamb Weston’s dividend payout ratio is 83.06%.

Analyst Ratings Changes

A number of brokerages have commented on LW. Stephens lifted their target price on Lamb Weston from $50.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 8th. Weiss Ratings raised Lamb Weston from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, October 23rd. TD Cowen increased their price target on Lamb Weston from $40.00 to $52.00 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $53.00 price target on shares of Lamb Weston in a report on Wednesday, October 7th. Finally, Sanford C. Bernstein raised their price target on Lamb Weston from $42.00 to $57.00 and gave the stock a “market perform” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $53.82.

About Lamb Weston

Lamb Weston Holdings, Inc (NYSE:LW) is a global producer and distributor of frozen potato products. The company supplies French fries, potato wedges, hash browns, tater tots, mashed potatoes, sweet potato products and other potato-based offerings to foodservice operators, restaurants, retailers and institutional customers.

Lamb Weston serves customers in North America and international markets through a portfolio of branded, licensed and customer-specific products. Its offerings are used by restaurants, schools, hospitals, hotels and other foodservice establishments, as well as sold through retail and grocery channels.