Commerce Bank Cuts Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Commerce Bank lowered its stake in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,664 shares of the specialty retailer’s stock after selling 3,240 shares during the quarter. Commerce Bank’s holdings in Lamb Weston were worth $690,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. City State Bank boosted its stake in Lamb Weston by 56.2% in the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock worth $27,000 after buying an additional 150 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in shares of Lamb Weston in the 1st quarter valued at $28,000. Crewe Advisors LLC grew its holdings in shares of Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock valued at $28,000 after purchasing an additional 261 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Lamb Weston in the 3rd quarter worth $29,000. Finally, GAMMA Investing LLC lifted its stake in Lamb Weston by 135.8% in the second quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares during the last quarter. 89.56% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LW shares. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a report on Monday, October 7th. TD Cowen lifted their price target on Lamb Weston from $61.00 to $65.00 and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Barclays increased their price objective on Lamb Weston from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Citigroup lifted their target price on shares of Lamb Weston from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their price target on shares of Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $82.22.

Lamb Weston Trading Down 0.2 %

Shares of LW opened at $76.78 on Tuesday. Lamb Weston Holdings, Inc. has a 1-year low of $52.99 and a 1-year high of $111.88. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 1.87. The firm’s 50-day moving average price is $73.11 and its 200-day moving average price is $73.87. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last posted its quarterly earnings data on Tuesday, October 1st. The specialty retailer reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. Lamb Weston had a return on equity of 34.33% and a net margin of 9.57%. The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the previous year, the firm posted $1.63 EPS. The business’s revenue was down .7% on a year-over-year basis. Sell-side analysts anticipate that Lamb Weston Holdings, Inc. will post 4.26 EPS for the current year.

Lamb Weston Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 1st will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Friday, November 1st. Lamb Weston’s dividend payout ratio is currently 33.80%.

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.