Farther Finance Advisors LLC Acquires 1,065 Shares of Lamb Weston $LW

Farther Finance Advisors LLC boosted its holdings in Lamb Weston (NYSE:LW) by 58.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,888 shares of the specialty retailer’s stock after purchasing an additional 1,065 shares during the period. Farther Finance Advisors LLC’s holdings in Lamb Weston were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Teachers Retirement System of The State of Kentucky lifted its stake in Lamb Weston by 2.0% in 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 last quarter. Concurrent Investment Advisors LLC lifted its stake in shares of Lamb Weston by 4.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 5,984 shares of the specialty retailer’s stock worth $319,000 after buying an additional 230 shares during the last quarter. CX Institutional lifted its stake in shares of Lamb Weston by 28.7% during the 2nd quarter. CX Institutional now owns 1,165 shares of the specialty retailer’s stock worth $60,000 after buying an additional 260 shares during the last quarter. Smith Thornton Advisors LLC lifted its stake in shares of Lamb Weston by 6.8% during the 1st quarter. Smith Thornton Advisors LLC now owns 4,300 shares of the specialty retailer’s stock worth $229,000 after buying an additional 275 shares during the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Lamb Weston by 9.0% during the 1st quarter. AE Wealth Management LLC now owns 4,210 shares of the specialty retailer’s stock worth $224,000 after buying an additional 349 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Trading Up 0.3%

NYSE:LW opened at $62.21 on Friday. The firm’s fifty day moving average is $56.03 and its 200-day moving average is $54.15. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.68 and a current ratio of 1.49. Lamb Weston has a 52 week low of $47.87 and a 52 week high of $83.98. The firm has a market cap of $8.67 billion, a P/E ratio of 29.76, a P/E/G ratio of 6.51 and a beta of 0.52.

Lamb Weston (NYSE:LW) last released its earnings results on Tuesday, September 30th. The specialty retailer reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.21. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company had revenue of $1.66 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the company earned $0.88 EPS. Lamb Weston’s quarterly revenue was up .3% compared to the same quarter last year. Lamb Weston has set its FY 2026 guidance at EPS. Equities analysts expect that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, October 31st. Lamb Weston’s payout ratio is presently 58.96%.

Wall Street Analyst Weigh In

LW has been the subject of a number of research reports. Bank of America raised their target price on shares of Lamb Weston from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday. Cowen reiterated a “hold” rating on shares of Lamb Weston in a research note on Wednesday. Stifel Nicolaus set a $66.00 price objective on shares of Lamb Weston in a research note on Wednesday. Barclays boosted their target price on shares of Lamb Weston from $61.00 to $68.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. Finally, Sanford C. Bernstein set a $65.00 target price on shares of Lamb Weston and gave the company a “market perform” rating in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $65.56.

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.