9,234 Shares in Lamb Weston $LW Acquired by Bayforest Capital Ltd

Bayforest Capital Ltd bought a new stake in Lamb Weston (NYSE:LW) 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) 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.

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.