Lamb Weston Holdings Inc (LW) Short Interest Update

Lamb Weston Holdings Inc (NYSE:LW) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,578,357 shares, a decline of 44.0% from the January 12th total of 2,816,875 shares. Based on an average daily volume of 849,939 shares, the short-interest ratio is presently 1.9 days. Approximately 1.1% of the company’s stock are short sold.

In other Lamb Weston news, Director Peter J. Bensen acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 8th. The stock was purchased at an average price of $58.18 per share, for a total transaction of $290,900.00. Following the completion of the acquisition, the director now owns 1,935 shares of the company’s stock, valued at approximately $112,578.30. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.26% of the company’s stock.

Large investors have recently modified their holdings of the company. Globeflex Capital L P purchased a new stake in shares of Lamb Weston during the 4th quarter worth approximately $106,000. Tower Research Capital LLC TRC increased its holdings in shares of Lamb Weston by 844.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,888 shares of the specialty retailer’s stock valued at $107,000 after acquiring an additional 1,688 shares during the period. Captrust Financial Advisors acquired a new position in shares of Lamb Weston in the 4th quarter valued at $112,000. Chicago Partners Investment Group LLC increased its holdings in shares of Lamb Weston by 359.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,404 shares of the specialty retailer’s stock valued at $113,000 after acquiring an additional 1,881 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Lamb Weston in the 4th quarter valued at $151,000. Institutional investors and hedge funds own 79.50% of the company’s stock.

LW has been the subject of a number of recent research reports. Bank of America lifted their price target on shares of Lamb Weston from $52.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Jefferies Group lifted their price target on shares of Lamb Weston to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Lamb Weston from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Thursday, January 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $64.00 price target (up previously from $58.00) on shares of Lamb Weston in a research note on Monday, January 22nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.14.

Lamb Weston (LW) opened at $54.24 on Thursday. Lamb Weston has a 12 month low of $39.07 and a 12 month high of $60.85. The company has a quick ratio of 0.53, a current ratio of 1.55 and a debt-to-equity ratio of -4.43. The stock has a market cap of $8,054.02, a P/E ratio of 25.11, a P/E/G ratio of 1.86 and a beta of 0.43.

Lamb Weston (NYSE:LW) last issued its quarterly earnings data on Thursday, January 4th. The specialty retailer reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The business had revenue of $824.60 million during the quarter, compared to the consensus estimate of $815.29 million. Lamb Weston had a net margin of 9.85% and a negative return on equity of 53.18%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. equities research analysts forecast that Lamb Weston will post 2.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Friday, February 2nd will be given a dividend of $0.1913 per share. This represents a $0.77 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, February 1st. This is an increase from Lamb Weston’s previous quarterly dividend of $0.19. Lamb Weston’s payout ratio is currently 35.19%.

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About Lamb Weston

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.

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