JPMorgan Chase & Co. boosted its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 173.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 135,247 shares of the restaurant operator’s stock after acquiring an additional 85,708 shares during the period. JPMorgan Chase & Co. owned 0.46% of Jack in the Box worth $13,666,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Airain ltd acquired a new position in Jack in the Box during the 2nd quarter worth $1,875,000. Vaughan Nelson Investment Management L.P. lifted its position in Jack in the Box by 60.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after acquiring an additional 321,825 shares during the last quarter. Bain Capital Public Equity Management LLC bought a new position in shares of Jack in the Box during the 2nd quarter worth about $54,752,000. Clinton Group Inc. increased its holdings in shares of Jack in the Box by 51.1% during the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after purchasing an additional 6,617 shares during the period. Finally, Bank of Nova Scotia bought a new position in shares of Jack in the Box during the 2nd quarter worth about $9,850,000. 98.71% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on JACK shares. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Wedbush restated a “hold” rating and set a $104.00 price objective on shares of Jack in the Box in a report on Friday, December 1st. Wells Fargo & Co dropped their price objective on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Robert W. Baird set a $115.00 price objective on shares of Jack in the Box and gave the stock a “buy” rating in a report on Monday, November 27th. Finally, Oppenheimer restated a “buy” rating on shares of Jack in the Box in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $111.15.
In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now directly owns 10,979 shares in the company, valued at $1,127,653.09. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Paul D. Melancon sold 461 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $99.78, for a total transaction of $45,998.58. Following the completion of the transaction, the senior vice president now owns 5,370 shares in the company, valued at $535,818.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,201 shares of company stock worth $2,641,365. Company insiders own 2.10% of the company’s stock.
Jack in the Box Inc. (NASDAQ JACK) traded down $1.78 during midday trading on Friday, reaching $92.86. 1,208,714 shares of the company were exchanged, compared to its average volume of 1,108,222. The company has a market capitalization of $2,790.00, a PE ratio of 20.68, a P/E/G ratio of 1.60 and a beta of 0.52. Jack in the Box Inc. has a twelve month low of $90.89 and a twelve month high of $113.00. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53.
Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The business had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business’s revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. equities analysts predict that Jack in the Box Inc. will post 4.48 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.72%. Jack in the Box’s dividend payout ratio (DPR) is presently 35.63%.
Jack in the Box Profile
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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