BNP Paribas Arbitrage SA trimmed its stake in Lamb Weston Holdings Inc. (NYSE:LW) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,287 shares of the specialty retailer’s stock after selling 5,200 shares during the period. BNP Paribas Arbitrage SA’s holdings in Lamb Weston Holdings were worth $2,358,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Schroder Investment Management Group bought a new stake in Lamb Weston Holdings in the second quarter valued at $106,000. Advisory Services Network LLC grew its position in Lamb Weston Holdings by 81.5% in the second quarter. Advisory Services Network LLC now owns 3,094 shares of the specialty retailer’s stock valued at $136,000 after acquiring an additional 1,389 shares during the period. First Mercantile Trust Co. bought a new stake in shares of Lamb Weston Holdings during the second quarter worth $137,000. IndexIQ Advisors LLC bought a new stake in shares of Lamb Weston Holdings during the second quarter worth $149,000. Finally, Huntington National Bank bought a new stake in shares of Lamb Weston Holdings during the third quarter worth $155,000. Hedge funds and other institutional investors own 79.88% of the company’s stock.

LW has been the topic of several research analyst reports. Jefferies Group LLC restated a “buy” rating and set a $58.00 target price (up previously from $53.00) on shares of Lamb Weston Holdings in a report on Thursday, October 5th. Bank of America Corporation increased their target price on Lamb Weston Holdings from $52.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, November 6th. Zacks Investment Research upgraded Lamb Weston Holdings from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Friday, October 6th. Finally, Morgan Stanley restated an “equal weight” rating and set a $46.00 target price (up previously from $45.00) on shares of Lamb Weston Holdings in a report on Wednesday, July 26th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Lamb Weston Holdings presently has an average rating of “Buy” and an average price target of $50.63.

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Shares of Lamb Weston Holdings Inc. (LW) opened at $54.25 on Thursday. The company has a debt-to-equity ratio of -4.10, a quick ratio of 0.67 and a current ratio of 1.62. The company has a market capitalization of $7,856.63 and a price-to-earnings ratio of 23.36. Lamb Weston Holdings Inc. has a 1-year low of $32.01 and a 1-year high of $54.27.

Lamb Weston Holdings (NYSE:LW) last announced its earnings results on Wednesday, October 4th. The specialty retailer reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Lamb Weston Holdings had a negative return on equity of 50.81% and a net margin of 10.31%. The company had revenue of $817.50 million for the quarter, compared to analysts’ expectations of $795.61 million. The company’s revenue was up 5.3% compared to the same quarter last year. research analysts expect that Lamb Weston Holdings Inc. will post 2.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 3rd will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Thursday, November 2nd. Lamb Weston Holdings’s dividend payout ratio (DPR) is presently 33.63%.

Lamb Weston Holdings Company Profile

Lamb Weston Holdings, Inc (Lamb Weston), is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Company’s segments include Global, Foodservice, Retail and Other. The Global segment includes operations associated with Lamb Weston’s business with large chain restaurant customers, whether those results are generated in the United States or abroad, as well as operations associated with retail and foodservice customers located outside of the United States and Canada.

Institutional Ownership by Quarter for Lamb Weston Holdings (NYSE:LW)

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