Bernzott Capital Advisors Has $6.02 Million Position in Lamb Weston $LW

Key Points

• Bernzott Capital Advisors increased its stake in Lamb Weston by 11.7% during the second quarter, holding a total of 116,169 shares valued at approximately $6.02 million.
• Recent analyst upgrades have boosted Lamb Weston's price targets, with BNP Paribas Exane setting a new target of $66.00 and Wells Fargo raising theirs to $68.00.
• Lamb Weston announced a quarterly dividend of $0.37, with an annualized yield of 2.3%, to be paid on November 28th to investors of record on October 31st.

Bernzott Capital Advisors grew its position in Lamb Weston (NYSE:LW - Free Report) by 11.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,169 shares of the specialty retailer's stock after acquiring an additional 12,134 shares during the period. Lamb Weston comprises about 3.1% of Bernzott Capital Advisors' portfolio, making the stock its 16th largest holding. Bernzott Capital Advisors owned 0.08% of Lamb Weston worth $6,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of LW. American National Bank & Trust acquired a new stake in Lamb Weston in the 2nd quarter valued at about $25,000. Wayfinding Financial LLC acquired a new position in Lamb Weston during the first quarter worth approximately $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in Lamb Weston in the first quarter valued at approximately $28,000. ST Germain D J Co. Inc. raised its stake in Lamb Weston by 64.2% in the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer's stock valued at $28,000 after buying an additional 210 shares during the period. Finally, Ameriflex Group Inc. lifted its position in shares of Lamb Weston by 407.7% in the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer's stock valued at $32,000 after buying an additional 477 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LW shares. BNP Paribas Exane raised their price target on Lamb Weston from $64.00 to $66.00 and gave the company an "outperform" rating in a report on Wednesday, October 1st. Cfra Research upgraded Lamb Weston to a "hold" rating in a research note on Thursday, October 2nd. Sanford C. Bernstein set a $65.00 price target on shares of Lamb Weston and gave the company a "market perform" rating in a research report on Wednesday, October 1st. Wells Fargo & Company lifted their price objective on Lamb Weston from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Wednesday, October 1st. Finally, Stifel Nicolaus set a $66.00 target price on Lamb Weston in a report on Wednesday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $65.70.

Lamb Weston Stock Performance

NYSE:LW opened at $64.67 on Thursday. The stock's 50-day moving average is $58.53 and its 200-day moving average is $55.11. Lamb Weston has a 1-year low of $47.87 and a 1-year high of $83.98. The company has a current ratio of 1.49, a quick ratio of 0.77 and a debt-to-equity ratio of 2.05. The stock has a market cap of $9.01 billion, a P/E ratio of 30.94, a price-to-earnings-growth ratio of 4.29 and a beta of 0.52.

Lamb Weston (NYSE:LW - Get Free Report) last issued its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share (EPS) for the quarter. Lamb Weston had a net margin of 4.56% and a return on equity of 28.08%. The business had revenue of $1.15 billion during the quarter. Equities research analysts anticipate that Lamb Weston will post 3.1 earnings per share for the current year.

Lamb Weston Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, October 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Friday, October 31st. Lamb Weston's dividend payout ratio is presently 70.81%.

Lamb Weston Profile

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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