BlackRock Inc. Has $240.27 Million Holdings in Jack in the Box Inc. (JACK)

BlackRock Inc. reduced its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 0.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,095,045 shares of the restaurant operator’s stock after selling 10,733 shares during the period. BlackRock Inc. owned approximately 11.99% of Jack in the Box worth $240,267,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JACK. Bank of New York Mellon Corp increased its position in shares of Jack in the Box by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 419,907 shares of the restaurant operator’s stock worth $35,742,000 after purchasing an additional 6,106 shares during the period. American Century Companies Inc. bought a new position in shares of Jack in the Box in the third quarter worth $2,548,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Jack in the Box by 12.5% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 41,476 shares of the restaurant operator’s stock worth $3,477,000 after purchasing an additional 4,620 shares during the period. SG Americas Securities LLC increased its position in shares of Jack in the Box by 503.0% in the third quarter. SG Americas Securities LLC now owns 31,484 shares of the restaurant operator’s stock worth $2,639,000 after purchasing an additional 26,263 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Jack in the Box by 275.0% in the third quarter. JPMorgan Chase & Co. now owns 148,961 shares of the restaurant operator’s stock worth $12,488,000 after purchasing an additional 109,235 shares during the period. 95.52% of the stock is currently owned by institutional investors.

In other Jack in the Box news, CEO Leonard A. Comma sold 1,615 shares of Jack in the Box stock in a transaction dated Friday, December 21st. The stock was sold at an average price of $77.44, for a total value of $125,065.60. Following the transaction, the chief executive officer now owns 207,552 shares in the company, valued at $16,072,826.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 2,304 shares of company stock worth $179,218. Company insiders own 2.30% of the company’s stock.

Jack in the Box stock opened at $77.61 on Friday. Jack in the Box Inc. has a 12-month low of $74.19 and a 12-month high of $93.98. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.48 and a beta of 0.55.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, February 20th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.05. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. The firm had revenue of $290.80 million for the quarter, compared to analysts’ expectations of $275.26 million. During the same quarter in the previous year, the business posted $1.23 earnings per share. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts forecast that Jack in the Box Inc. will post 4.25 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Friday, March 1st. Jack in the Box’s dividend payout ratio is presently 42.22%.

A number of research analysts recently commented on JACK shares. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Monday, January 7th. Wells Fargo & Co decreased their price target on Jack in the Box from $96.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, February 14th. Cowen restated a “hold” rating and issued a $81.00 price target on shares of Jack in the Box in a research report on Friday, November 30th. Stifel Nicolaus restated a “hold” rating on shares of Jack in the Box in a research report on Wednesday, November 21st. Finally, Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a research report on Monday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $90.44.

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About Jack in the Box

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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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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