Jack In The Box Inc. (JACK) Holdings Boosted by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,000 shares of the restaurant operator’s stock after acquiring an additional 2,900 shares during the period. California Public Employees Retirement System owned about 0.30% of Jack In The Box worth $8,668,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Penn Capital Management Co. Inc. lifted its stake in Jack In The Box by 121.8% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 27,212 shares of the restaurant operator’s stock valued at $2,771,000 after acquiring an additional 14,943 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Jack In The Box by 0.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,790 shares of the restaurant operator’s stock valued at $1,654,000 after acquiring an additional 123 shares in the last quarter. Quantitative Investment Management LLC bought a new position in Jack In The Box during the 2nd quarter valued at $6,934,000. Laurion Capital Management LP bought a new position in Jack In The Box during the 2nd quarter valued at $2,098,000. Finally, Stevens Capital Management LP bought a new position in Jack In The Box during the 2nd quarter valued at $2,320,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Several equities analysts have weighed in on JACK shares. Jefferies Group LLC restated a “buy” rating and set a $120.00 price objective on shares of Jack In The Box in a research note on Thursday, July 27th. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company restated an “outperform” rating and set a $125.00 price objective on shares of Jack In The Box in a research note on Thursday, August 3rd. Bank of America Corporation restated a “buy” rating and set a $118.00 price objective (down from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. Finally, BidaskClub cut Jack In The Box from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Jack In The Box has an average rating of “Buy” and a consensus price target of $114.15.

Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 100.43 on Tuesday. Jack In The Box Inc. has a one year low of $90.89 and a one year high of $113.30. The company has a 50-day moving average price of $96.88 and a 200 day moving average price of $99.53. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 23.17 and a beta of 0.58.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.06). The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. Equities research analysts expect that Jack In The Box Inc. will post $4.05 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/jack-in-the-box-inc-jack-holdings-boosted-by-california-public-employees-retirement-system.html.

About Jack In The Box

Jack in the Box Inc operates and franchises Jack in the Box quick-s

A number of other large investors also recently modified their holdings of the business. Penn Capital Management Co. Inc. lifted its stake in Jack In The Box by 121.8% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 27,212 shares of the restaurant operator’s stock valued at $2,771,000 after acquiring an additional 14,943 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in Jack In The Box by 0.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,790 shares of the restaurant operator’s stock valued at $1,654,000 after acquiring an additional 123 shares in the last quarter. Quantitative Investment Management LLC bought a new position in Jack In The Box during the 2nd quarter valued at $6,934,000. Laurion Capital Management LP bought a new position in Jack In The Box during the 2nd quarter valued at $2,098,000. Finally, Stevens Capital Management LP bought a new position in Jack In The Box during the 2nd quarter valued at $2,320,000. Institutional investors and hedge funds own 94.94% of the company’s stock.

Several equities analysts have weighed in on JACK shares. Jefferies Group LLC restated a “buy” rating and set a $120.00 price objective on shares of Jack In The Box in a research note on Thursday, July 27th. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company restated an “outperform” rating and set a $125.00 price objective on shares of Jack In The Box in a research note on Thursday, August 3rd. Bank of America Corporation restated a “buy” rating and set a $118.00 price objective (down from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. Finally, BidaskClub cut Jack In The Box from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Jack In The Box has an average rating of “Buy” and a consensus price target of $114.15.

Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 100.43 on Tuesday. Jack In The Box Inc. has a one year low of $90.89 and a one year high of $113.30. The company has a 50-day moving average price of $96.88 and a 200 day moving average price of $99.53. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 23.17 and a beta of 0.58.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.06). The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.07 earnings per share. Equities research analysts expect that Jack In The Box Inc. will post $4.05 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be read at https://ledgergazette.com/2017/10/10/jack-in-the-box-inc-jack-holdings-boosted-by-california-public-employees-retirement-system.html.

About Jack In The Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

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Institutional Ownership by Quarter for Jack In The Box (NASDAQ:JACK)

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