Activist Investor Stake Makes French Fry Stock Sizzle [Yahoo! Finance]
Lamb Weston Holdings, Inc. (LW)
Last lamb weston holdings, inc. earnings: 4/1 08:30 am
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lambweston.com/investors
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Source: Yahoo! Finance
Shares of Lamb Weston ( LW ), a leading fries supplier to McDonald's ( MCD ) and other fast-food giants, jumped Friday on news that an activist investor has taken a stake in the struggling company and is looking to shake things up. The stock recently went up almost 10%. Regulatory filings today indicated that Jana Partners had acquired about a 5% stake in Lamb Weston. A Wall Street Journal report confirmed that another investor reporting a smaller stake in Lamb Weston, Continental Grain, was working with Jana, seeking a sale or other changes at the company. Shares of Lamb Weston are down nearly 30% in 2024. Earlier this month, the company announced a restructuring plan that included a plant closing and layoffs. The company has bemoaned slow restaurant traffic and a move toward promotional fast-food value meals which resulted in diners getting smaller orders of fries Lamb Weston's market value is around $10 billion, according to Visible Alpha data. Read the original article on
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News
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- McCain, Lamb Weston among frozen-food firms facing price-fixing lawsuits [Yahoo! Finance]Yahoo! Finance
- I tried 4 brands of premade mashed potatoes from the store, and there are only 2 I'd actually serve [Business Insider]Business Insider
LW
Earnings
- 10/1/24 - In-Line
LW
Sec Filings
- 11/12/24 - Form SC
- 11/5/24 - Form 4
- 10/31/24 - Form 144
- LW's page on the SEC website