Short Interest in Lamb Weston Holdings, Inc. (NYSE:LW) Grows By 50.6%

Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 2,530,000 shares, a growth of 50.6% from the May 31st total of 1,680,000 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 1,180,000 shares, the short-interest ratio is presently 2.1 days.

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC boosted its position in shares of Lamb Weston by 7.5% in the first quarter. EverSource Wealth Advisors LLC now owns 2,355 shares of the specialty retailer’s stock worth $140,000 after purchasing an additional 165 shares during the period. Allworth Financial LP boosted its position in shares of Lamb Weston by 30.9% in the fourth quarter. Allworth Financial LP now owns 703 shares of the specialty retailer’s stock worth $45,000 after purchasing an additional 166 shares during the period. Summit Financial Wealth Advisors LLC boosted its position in shares of Lamb Weston by 1.3% in the first quarter. Summit Financial Wealth Advisors LLC now owns 13,216 shares of the specialty retailer’s stock worth $792,000 after purchasing an additional 170 shares during the period. Arizona State Retirement System boosted its position in shares of Lamb Weston by 0.4% in the first quarter. Arizona State Retirement System now owns 39,485 shares of the specialty retailer’s stock worth $2,366,000 after purchasing an additional 171 shares during the period. Finally, CWM LLC boosted its position in shares of Lamb Weston by 5.1% in the first quarter. CWM LLC now owns 3,560 shares of the specialty retailer’s stock worth $213,000 after purchasing an additional 173 shares during the period. 93.23% of the stock is owned by institutional investors and hedge funds.

LW has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Lamb Weston from $79.00 to $74.00 and set an “overweight” rating for the company in a report on Tuesday, March 22nd. TheStreet raised shares of Lamb Weston from a “c” rating to a “b-” rating in a report on Monday, June 6th. Jefferies Financial Group decreased their price objective on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, March 29th. StockNews.com started coverage on shares of Lamb Weston in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of Lamb Weston from $70.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, March 16th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Lamb Weston currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.67.

LW stock traded up $0.20 during midday trading on Friday, reaching $71.66. 1,477,717 shares of the company’s stock traded hands, compared to its average volume of 1,301,156. Lamb Weston has a 52-week low of $49.71 and a 52-week high of $81.10. The stock has a market cap of $10.35 billion, a P/E ratio of 45.07, a PEG ratio of 1.81 and a beta of 0.56. The company has a current ratio of 2.63, a quick ratio of 1.59 and a debt-to-equity ratio of 6.87. The stock’s 50-day moving average is $66.34 and its 200 day moving average is $63.90.

Lamb Weston (NYSE:LWGet Rating) last announced its earnings results on Thursday, April 7th. The specialty retailer reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.29. Lamb Weston had a net margin of 5.93% and a return on equity of 66.02%. The business had revenue of $955.00 million during the quarter, compared to analysts’ expectations of $972.64 million. During the same period in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. As a group, research analysts expect that Lamb Weston will post 1.93 EPS for the current fiscal year.

About Lamb Weston (Get Rating)

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, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

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