Kintayl Capital LP Purchases 43,160 Shares of Lamb Weston (NYSE:LW)

Kintayl Capital LP increased its stake in Lamb Weston (NYSE:LW - Free Report) by 147.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,396 shares of the specialty retailer's stock after acquiring an additional 43,160 shares during the quarter. Lamb Weston makes up 2.8% of Kintayl Capital LP's holdings, making the stock its 15th largest holding. Kintayl Capital LP owned about 0.05% of Lamb Weston worth $3,859,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Wayfinding Financial LLC purchased a new position in Lamb Weston in the 1st quarter worth about $28,000. Whipplewood Advisors LLC raised its holdings in shares of Lamb Weston by 3,466.7% during the first quarter. Whipplewood Advisors LLC now owns 535 shares of the specialty retailer's stock valued at $29,000 after acquiring an additional 520 shares during the period. Putney Financial Group LLC purchased a new stake in shares of Lamb Weston in the 4th quarter valued at approximately $34,000. CX Institutional purchased a new stake in shares of Lamb Weston in the 1st quarter valued at approximately $48,000. Finally, Acuitas Investments LLC boosted its stake in Lamb Weston by 239.3% in the 1st quarter. Acuitas Investments LLC now owns 950 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 670 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Lamb Weston from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Jefferies Financial Group dropped their price target on Lamb Weston from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, April 11th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $57.00 price objective on shares of Lamb Weston in a research report on Wednesday, March 19th. Stifel Nicolaus set a $56.00 target price on Lamb Weston and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Barclays decreased their price target on shares of Lamb Weston from $69.00 to $61.00 and set an "overweight" rating for the company in a report on Monday, May 12th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.64.

Lamb Weston Stock Up 0.9%

Shares of Lamb Weston stock traded up $0.47 during midday trading on Thursday, reaching $50.47. 1,749,132 shares of the company's stock traded hands, compared to its average volume of 2,652,608. The company has a debt-to-equity ratio of 2.25, a quick ratio of 0.58 and a current ratio of 1.35. Lamb Weston has a 52 week low of $47.90 and a 52 week high of $83.98. The company's 50 day simple moving average is $53.04 and its 200 day simple moving average is $55.04. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 19.75, a price-to-earnings-growth ratio of 1.12 and a beta of 0.46.

Lamb Weston Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 1st. This represents a $1.48 annualized dividend and a dividend yield of 2.93%. Lamb Weston's dividend payout ratio (DPR) is presently 58.04%.

Lamb Weston Company 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.