Global Retirement Partners LLC Acquires New Position in Lamb Weston $LW

Global Retirement Partners LLC purchased a new position in shares of Lamb Weston (NYSE:LW) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,800 shares of the specialty retailer’s stock, valued at approximately $301,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American National Bank & Trust bought a new position in Lamb Weston during the 2nd quarter worth $25,000. ST Germain D J Co. Inc. boosted its holdings in shares of Lamb Weston by 64.2% during the second quarter. ST Germain D J Co. Inc. now owns 537 shares of the specialty retailer’s stock valued at $28,000 after acquiring an additional 210 shares during the period. Ameriflex Group Inc. grew its position in shares of Lamb Weston by 407.7% during the second quarter. Ameriflex Group Inc. now owns 594 shares of the specialty retailer’s stock worth $32,000 after acquiring an additional 477 shares during the last quarter. City State Bank increased its holdings in shares of Lamb Weston by 86.8% in the 2nd quarter. City State Bank now owns 779 shares of the specialty retailer’s stock worth $40,000 after acquiring an additional 362 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Lamb Weston by 519.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 843 shares of the specialty retailer’s stock valued at $44,000 after purchasing an additional 707 shares during the last quarter. Institutional investors and hedge funds own 89.56% of the company’s stock.

Lamb Weston Price Performance

Shares of NYSE:LW opened at $59.22 on Monday. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 3.92 and a beta of 0.44. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.49 and a quick ratio of 0.77. Lamb Weston has a 12 month low of $47.87 and a 12 month high of $83.98. The stock’s 50 day moving average price is $60.81 and its 200 day moving average price is $56.62.

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

Lamb Weston Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, October 31st were given a $0.37 dividend. The ex-dividend date was Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.5%. Lamb Weston’s payout ratio is 70.81%.

Wall Street Analyst Weigh In

Several research analysts have commented on LW shares. Weiss Ratings cut shares of Lamb Weston from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. Zacks Research raised Lamb Weston from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Deutsche Bank Aktiengesellschaft raised their target price on Lamb Weston from $59.00 to $61.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Sanford C. Bernstein set a $65.00 price target on Lamb Weston and gave the stock a “market perform” rating in a research report on Wednesday, October 1st. Finally, Bank of America increased their price target on Lamb Weston from $60.00 to $66.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, 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.