Zurcher Kantonalbank Zurich Cantonalbank Has $3.69 Million Stock Holdings in Lamb Weston Holdings, Inc. (NYSE:LW)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Lamb Weston Holdings, Inc. (NYSE:LW) by 23.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,963 shares of the specialty retailer’s stock after purchasing an additional 10,665 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Lamb Weston were worth $3,688,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC increased its holdings in Lamb Weston by 357.5% during the 2nd quarter. Crewe Advisors LLC now owns 334 shares of the specialty retailer’s stock worth $28,000 after purchasing an additional 261 shares in the last quarter. GAMMA Investing LLC increased its holdings in Lamb Weston by 135.8% in the 2nd quarter. GAMMA Investing LLC now owns 382 shares of the specialty retailer’s stock worth $32,000 after purchasing an additional 220 shares in the last quarter. City State Bank boosted its stake in shares of Lamb Weston by 56.2% during the third quarter. City State Bank now owns 417 shares of the specialty retailer’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Family Firm Inc. bought a new stake in shares of Lamb Weston during the second quarter worth about $36,000. Finally, Blue Trust Inc. increased its stake in shares of Lamb Weston by 251.6% in the second quarter. Blue Trust Inc. now owns 436 shares of the specialty retailer’s stock valued at $37,000 after buying an additional 312 shares during the period. 89.56% of the stock is currently owned by institutional investors and hedge funds.

Lamb Weston Stock Performance

Shares of LW opened at $78.36 on Tuesday. Lamb Weston Holdings, Inc. has a 52 week low of $52.99 and a 52 week high of $111.88. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.54 and a current ratio of 1.19. The stock has a 50 day moving average price of $74.51 and a two-hundred day moving average price of $73.52. The firm has a market capitalization of $11.17 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.38 and a beta of 0.72.

Lamb Weston (NYSE:LW) last released its quarterly earnings results on Tuesday, October 1st. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the firm posted $1.63 EPS. Lamb Weston’s quarterly revenue was down .7% compared to the same quarter last year. Equities analysts forecast that Lamb Weston Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Lamb Weston Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Friday, November 1st. Lamb Weston’s payout ratio is 33.80%.

Wall Street Analysts Forecast Growth

LW has been the subject of several recent research reports. TD Cowen upped their price target on shares of Lamb Weston from $61.00 to $65.00 and gave the company a “hold” rating in a research report 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 report on Friday, October 4th. Stifel Nicolaus upped their target price on Lamb Weston from $65.00 to $80.00 and gave the company a “hold” rating in a report on Friday, October 25th. Citigroup upped their price target on shares of Lamb Weston from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $68.00 price objective (up previously from $63.00) on shares of Lamb Weston in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $82.22.

Lamb Weston 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.