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Sign InActivist investor Jana Partners has significantly increased its total ownership in Lamb Weston Holdings Inc to over 5.39 million shares following a series of strategic purchases in early April. This expansion comes as the company reported quarterly earnings that exceeded market expectations, posting an EPS of $0.72 on revenue of $1.56 billion. In addition to the strong financial performance, Lamb Weston declared a quarterly dividend of $0.38 per share, signaling commitment to shareholder returns. Despite these positive developments, analysts maintain a consensus 'Hold' rating on the stock with a price target of $48. The substantial stake increase by Jana Partners, coupled with robust quarterly results, suggests a potential turning point for the stock after its recent slump.