Things are heati🐷ඣng up in the French fry business. 

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 compan♛y and is looking to shake thing🌳s 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 澳洲幸运5官方开奖结果体彩网: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 澳洲幸运5官方开奖结果体彩网:smaller orders of fries. 

Lamb Weston's market value is around $10 billion, according to Visible Alpha data.