Lamb Weston Holdings, Inc. (NYSE:LW) Short Interest Update

Lamb Weston Holdings, Inc. (NYSE:LWGet Rating) was the recipient of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 2,540,000 shares, a growth of 36.6% from the March 15th total of 1,860,000 shares. Based on an average daily volume of 1,440,000 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.8% of the company’s shares are short sold.

NYSE LW traded up $1.39 during mid-day trading on Friday, reaching $68.71. 1,427,965 shares of the stock were exchanged, compared to its average volume of 1,442,740. The stock has a market cap of $9.93 billion, a P/E ratio of 43.21, a P/E/G ratio of 2.54 and a beta of 0.69. The company has a debt-to-equity ratio of 6.87, a current ratio of 2.63 and a quick ratio of 1.59. Lamb Weston has a one year low of $49.71 and a one year high of $85.72. The stock has a 50 day simple moving average of $60.84 and a 200-day simple moving average of $60.31.

Lamb Weston (NYSE:LWGet Rating) last issued its quarterly earnings results on Thursday, April 7th. The specialty retailer reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.29. The firm had revenue of $955.00 million during the quarter, compared to the consensus estimate of $972.64 million. Lamb Weston had a return on equity of 66.02% and a net margin of 5.93%. The business’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.45 EPS. Sell-side analysts anticipate that Lamb Weston will post 1.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Friday, May 6th will be issued a $0.245 dividend. The ex-dividend date is Thursday, May 5th. This represents a $0.98 dividend on an annualized basis and a yield of 1.43%. Lamb Weston’s payout ratio is currently 61.64%.

Several institutional investors have recently bought and sold shares of LW. Schubert & Co acquired a new stake in shares of Lamb Weston during the 4th quarter worth approximately $32,000. Engine Capital Management LP bought a new position in Lamb Weston during the fourth quarter worth $32,000. Allworth Financial LP grew its holdings in Lamb Weston by 96.0% in the third quarter. Allworth Financial LP now owns 537 shares of the specialty retailer’s stock worth $33,000 after purchasing an additional 263 shares during the period. Moors & Cabot Inc. bought a new stake in Lamb Weston in the third quarter valued at $40,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Lamb Weston during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 91.78% of the company’s stock.

A number of brokerages recently issued reports on LW. JPMorgan Chase & Co. dropped their price objective 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. Jefferies Financial Group dropped their price target on shares of Lamb Weston from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, March 29th. StockNews.com assumed coverage on shares of Lamb Weston in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded Lamb Weston from a “hold” rating to a “sell” rating and set a $54.00 target price on the stock. in a report on Wednesday, March 9th. Finally, The Goldman Sachs Group decreased their price target on Lamb Weston from $70.00 to $54.00 and set a “neutral” rating for the company in a research note on Wednesday, March 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.20.

Lamb Weston Company Profile (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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