JANA Files 13D Jack in the Box (JACK), Showing 7.3% Stake
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(Updated - February 15, 2018 5:14 PM EST)
JANA Partners filed 13D on Jack in the Box (NASDAQ: JACK), disclosing a 2,142,035 share, or 7.3% stake. The firm held 1,085,919 shares at Dec. 31, 2018.
From the filing:
Item 4. PURPOSE OF TRANSACTION.
The Reporting Person acquired the Shares because it believes the Shares are undervalued and represent an attractive investment opportunity. The Reporting Person has had discussions with the Issuer regarding the Issuer's capital structure, margins, capital allocation, franchise mix, and operations. The Reporting Person may have further discussions with the Issuer regarding these and other topics including governance and board composition. The Reporting Person may also have discussions with shareholders and other parties relating to all such matter.
| Trade Date | Shares Purchased (Sold) | Price Per Share ($) |
| 12/27/2017 | 9,000 | 98.94 |
| 1/16/2018 | 48,522 | 90.85 |
| 1/18/2018 | 700 | 93.11 |
| 1/18/2018 | (40,000)* | 93.04 |
| 1/19/2018 | 25,000 | 94.79 |
| 1/22/2018 | 22,000 | 94.31 |
| 1/22/2018 | 505 | 93.92 |
| 1/22/2018 | (19,339)* | 93.66 |
| 1/23/2018 | 45,617 | 94.91 |
| 1/23/2018 | 25,000 | 94.98 |
| 1/23/2018 | 125,000 | 95.12 |
| 1/23/2018 | (8,600)* | 94.65 |
| 1/23/2018 | (151,768)* | 95.10 |
| 1/24/2018 | 75,000 | 94.68 |
| 1/24/2018 | 3,955 | 94.41 |
| 1/25/2018 | 21,950 | 94.41 |
| 1/26/2018 | 100,000 | 94.77 |
| 1/29/2018 | 83,478 | 94.25 |
| 1/31/2018 | (904)* | 91.22 |
| 2/2/2018 | 4,000 | 88.11 |
| 2/5/2018 | 132,718 | 86.75 |
| 2/5/2018 | 12,000 | 86.55 |
| 2/5/2018 | 52,542 | 86.21 |
| 2/5/2018 | 70,200 | 86.83 |
| 2/5/2018 | 1,700 | 86.35 |
| 2/5/2018 | 76,840 | 85.57 |
| 2/6/2018 | 39,289 | 84.23 |
| 2/7/2018 | 10,711 | 83.66 |
| 2/8/2018 | 50,000 | 81.18 |
| 2/8/2018 | 50,000 | 81.13 |
| 2/9/2018 | 70,000 | 79.78 |
| 2/9/2018 | 130,000 | 80.23 |
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