IFP Advisors Inc Buys 271 Shares of Lamb Weston $LW

IFP Advisors Inc raised its stake in Lamb Weston (NYSE:LW) by 14.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,138 shares of the specialty retailer’s stock after acquiring an additional 271 shares during the period. IFP Advisors Inc’s holdings in Lamb Weston were worth $111,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American National Bank & Trust bought a new stake in shares of Lamb Weston during the second quarter worth $25,000. Wayfinding Financial LLC bought a new stake in shares of Lamb Weston during the first quarter worth $28,000. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of Lamb Weston during the first quarter worth $28,000. ST Germain D J Co. Inc. grew 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 worth $28,000 after purchasing an additional 210 shares during the last quarter. Finally, Ameriflex Group Inc. grew its holdings 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 purchasing an additional 477 shares during the last quarter. Institutional investors own 89.56% of the company’s stock.

Lamb Weston Price Performance

Lamb Weston stock opened at $65.02 on Friday. Lamb Weston has a 12-month low of $47.87 and a 12-month high of $83.98. The business’s 50-day simple moving average is $57.82 and its 200 day simple moving average is $54.96. The company has a quick ratio of 0.77, a current ratio of 1.49 and a debt-to-equity ratio of 2.05. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 31.11, a P/E/G ratio of 4.31 and a beta of 0.52.

Lamb Weston (NYSE:LW) last released its earnings results on Thursday, August 24th. The specialty retailer reported $0.64 earnings per share for the quarter. Lamb Weston had a return on equity of 28.08% and a net margin of 4.56%.The firm had revenue of $1.15 billion for the quarter. As a group, 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 announced a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, October 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $1.48 annualized dividend and a yield of 2.3%. Lamb Weston’s dividend payout ratio is presently 70.81%.

Analysts Set New Price Targets

Several brokerages have recently commented on LW. Barclays increased their target price on Lamb Weston from $61.00 to $68.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft increased their target price on Lamb Weston from $59.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, October 1st. Cfra Research upgraded Lamb Weston to a “hold” rating in a report on Thursday, October 2nd. Wells Fargo & Company increased their target price on Lamb Weston from $66.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, October 1st. Finally, Sanford C. Bernstein set a $65.00 price target on Lamb Weston and gave the company a “market perform” rating in a report on Wednesday, October 1st. Four 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 has an average rating of “Hold” and an average price target 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.