Victory Capital Management Inc. boosted its position in Jack in the Box Inc. (NASDAQ:JACK) by 111.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 552,731 shares of the restaurant operator’s stock after buying an additional 290,870 shares during the quarter. Victory Capital Management Inc. owned approximately 2.03% of Jack in the Box worth $46,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new stake in Jack in the Box in the second quarter worth $242,000. Stevens Capital Management LP purchased a new stake in Jack in the Box in the second quarter worth $284,000. First Trust Advisors LP increased its position in Jack in the Box by 27.7% in the second quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock worth $303,000 after buying an additional 772 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Jack in the Box in the second quarter worth $406,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Jack in the Box in the second quarter worth $628,000. 95.90% of the stock is owned by institutional investors and hedge funds.
Several equities analysts have recently weighed in on JACK shares. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. OTR Global upgraded Jack in the Box to a “positive” rating in a research report on Friday, November 2nd. Gordon Haskett started coverage on Jack in the Box in a research report on Thursday, October 18th. They issued a “hold” rating and a $84.00 price target for the company. Morgan Stanley reduced their price target on Jack in the Box from $96.00 to $91.00 and set an “equal weight” rating for the company in a research report on Thursday, October 18th. Finally, Wedbush reiterated a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research report on Thursday, October 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $99.46.
In related news, Director David Goebel sold 1,849 shares of Jack in the Box stock in a transaction on Monday, September 24th. The stock was sold at an average price of $83.58, for a total transaction of $154,539.42. Following the completion of the sale, the director now owns 18,396 shares of the company’s stock, valued at $1,537,537.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Paul D. Melancon sold 1,125 shares of Jack in the Box stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $90.00, for a total value of $101,250.00. Following the sale, the senior vice president now directly owns 5,002 shares of the company’s stock, valued at approximately $450,180. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.
Shares of NASDAQ JACK opened at $80.21 on Friday. The firm has a market capitalization of $2.19 billion, a PE ratio of 21.41, a P/E/G ratio of 1.29 and a beta of 0.52. Jack in the Box Inc. has a fifty-two week low of $75.09 and a fifty-two week high of $108.55.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 8th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.12. The company had revenue of $187.98 million during the quarter, compared to analyst estimates of $185.05 million. Jack in the Box had a negative return on equity of 26.21% and a net margin of 13.10%. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. As a group, analysts anticipate that Jack in the Box Inc. will post 3.89 EPS for the current year.
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Jack in the Box Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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