Lamb Weston Holdings Inc (NYSE:LW) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 9,082,800 shares, a decline of 6.2% from the May 30th total of 9,678,700 shares. Currently, 6.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,640,000 shares, the short-interest ratio is presently 5.5 days.

A number of large investors have recently modified their holdings of the business. MUFG Securities EMEA plc acquired a new stake in shares of Lamb Weston during the fourth quarter worth $13,793,000. Weiss Multi Strategy Advisers LLC acquired a new stake in Lamb Weston during the 4th quarter valued at $625,000. United Services Automobile Association boosted its position in Lamb Weston by 108.0% in the 4th quarter. United Services Automobile Association now owns 46,898 shares of the specialty retailer’s stock valued at $3,450,000 after buying an additional 24,347 shares during the last quarter. Legal & General Group Plc boosted its position in Lamb Weston by 9.3% in the 4th quarter. Legal & General Group Plc now owns 748,195 shares of the specialty retailer’s stock valued at $55,037,000 after buying an additional 63,937 shares during the last quarter. Finally, Sentry Investment Management LLC boosted its position in Lamb Weston by 135.6% in the 1st quarter. Sentry Investment Management LLC now owns 8,874 shares of the specialty retailer’s stock valued at $665,000 after buying an additional 5,107 shares during the last quarter. Institutional investors own 86.99% of the company’s stock.

Shares of NYSE:LW traded down $0.30 during trading on Monday, hitting $65.63. 1,579 shares of the stock traded hands, compared to its average volume of 1,526,806. The stock has a market capitalization of $9.64 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 1.61 and a beta of 0.19. The business’s fifty day simple moving average is $62.08. Lamb Weston has a 52-week low of $58.83 and a 52-week high of $83.86.

LW has been the subject of several analyst reports. JPMorgan Chase & Co. lowered their target price on shares of from GBX 97 ($1.27) to GBX 89 ($1.16) and set a “neutral” rating for the company in a report on Monday, June 17th. Stifel Nicolaus lifted their price objective on Rapid7 from $52.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Consumer Edge began coverage on Lamb Weston in a research report on Friday, March 22nd. They set an “outperform” rating for the company. Bank of America reissued a “buy” rating and issued a $85.00 price target (up from $78.00) on shares of Everbridge in a research note on Tuesday, May 7th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $21.50 price objective on shares of Infineon Technologies in a research note on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $76.86.

About Lamb Weston

Lamb Weston Holdings, Inc produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other. The company offers frozen potatoes, sweet potatoes, and appetizers under the Lamb Weston brand name, as well as various customer labels.

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