Dimensional Fund Advisors LP lowered its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 732,396 shares of the company’s stock after selling 19,264 shares during the period. Dimensional Fund Advisors LP owned about 2.24% of Jack In The Box worth $62,927,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new position in shares of Jack In The Box during the first quarter valued at about $1,007,000. Royal Bank of Canada boosted its position in Jack In The Box by 172.6% in the first quarter. Royal Bank of Canada now owns 18,848 shares of the company’s stock valued at $1,203,000 after buying an additional 11,933 shares in the last quarter. Thrax Management LLC acquired a new position in Jack In The Box during the first quarter valued at $8,485,000. Panagora Asset Management Inc. boosted its position in Jack In The Box by 13.8% in the first quarter. Panagora Asset Management Inc. now owns 247,766 shares of the company’s stock valued at $15,825,000 after buying an additional 29,972 shares in the last quarter. Finally, Mount Lucas Management LP boosted its position in Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock valued at $205,000 after buying an additional 312 shares in the last quarter. 98.56% of the stock is currently owned by institutional investors.
Jack In The Box Inc. (NASDAQ:JACK) traded up 1.66% during trading on Friday, reaching $95.94. The company had a trading volume of 542,950 shares. The firm’s 50-day moving average price is $98.80 and its 200 day moving average price is $83.37. Jack In The Box Inc. has a one year low of $61.78 and a one year high of $102.68. The firm has a market capitalization of $3.14 billion, a P/E ratio of 29.18 and a beta of 0.45.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.20. The firm had revenue of $368.94 million for the quarter, compared to the consensus estimate of $367.52 million. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. Equities analysts forecast that Jack In The Box Inc. will post $3.73 earnings per share for the current fiscal year.
Several research analysts have weighed in on the company. Robert W. Baird reissued an “outperform” rating and issued a $120.00 price objective on shares of Jack In The Box in a research report on Sunday, September 25th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $115.00 price objective (up previously from $105.00) on shares of Jack In The Box in a research report on Monday, September 26th. Bank of America Corp. reissued a “buy” rating and issued a $108.00 price objective on shares of Jack In The Box in a research report on Tuesday, September 27th. TheStreet raised Jack In The Box from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Finally, Barclays PLC boosted their price objective on Jack In The Box from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $101.68.
In other news, VP Carol A. Diraimo sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the transaction, the vice president now directly owns 16,059 shares in the company, valued at approximately $1,605,900. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Phillip H. Rudolph sold 8,505 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $98.00, for a total value of $833,490.00. Following the completion of the transaction, the executive vice president now owns 88,196 shares in the company, valued at $8,643,208. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
About Jack In The Box
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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