Bayforest Capital Ltd bought a new stake in Lamb Weston (NYSE:LW - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,234 shares of the specialty retailer's stock, valued at approximately $479,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. American National Bank & Trust bought a new stake in shares of Lamb Weston during the 2nd quarter worth $25,000. Wayfinding Financial LLC bought a new stake in Lamb Weston during the first quarter worth about $28,000. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of Lamb Weston in the 1st quarter worth about $28,000. ST Germain D J Co. Inc. boosted its holdings in shares of Lamb Weston by 64.2% in the 2nd quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer's stock worth $28,000 after purchasing an additional 210 shares in the last quarter. Finally, Ameriflex Group Inc. increased its position in shares of Lamb Weston by 407.7% during the 2nd quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer's stock valued at $32,000 after purchasing an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company's stock.
Lamb Weston Price Performance
LW stock opened at $64.20 on Wednesday. The stock has a market capitalization of $8.95 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 4.31 and a beta of 0.52. The firm's 50-day moving average price is $57.04 and its two-hundred day moving average price is $54.73. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98.
Lamb Weston (NYSE:LW - Get Free Report) last posted its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The company had revenue of $1.15 billion during the quarter. As a group, equities analysts predict that Lamb Weston will post 3.1 earnings per share for the current year.
Lamb Weston Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, October 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston's dividend payout ratio (DPR) is currently 70.81%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on LW. Sanford C. Bernstein set a $65.00 target price on Lamb Weston and gave the stock a "market perform" rating in a research note on Wednesday, October 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Lamb Weston from $59.00 to $61.00 and gave the company a "hold" rating in a research note on Wednesday, October 1st. Cfra Research upgraded shares of Lamb Weston to a "hold" rating in a research report on Thursday, October 2nd. BNP Paribas Exane boosted their price target on shares of Lamb Weston from $64.00 to $66.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 1st. Finally, Stifel Nicolaus set a $66.00 price objective on Lamb Weston in a research note on Wednesday, October 1st. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $65.70.
Check Out Our Latest Stock Analysis on LW
About Lamb Weston
(
Free Report)
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.
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