Louisiana State Employees Retirement System reduced its position in Jack In The Box Inc. (NASDAQ:JACK) by 9.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,700 shares of the company’s stock after selling 900 shares during the period. Louisiana State Employees Retirement System’s holdings in Jack In The Box were worth $748,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. LS Investment Advisors LLC raised its stake in shares of Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock worth $171,000 after buying an additional 738 shares during the period. Capstone Asset Management Co. acquired a new position in Jack In The Box during the second quarter worth $224,000. Oakbrook Investments LLC acquired a new position in Jack In The Box during the second quarter worth $232,000. Mount Lucas Management LP increased 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 worth $205,000 after buying an additional 312 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Jack In The Box during the second quarter worth $292,000. 98.56% of the stock is owned by hedge funds and other institutional investors.
Shares of Jack In The Box Inc. (NASDAQ:JACK) traded up 1.79% during mid-day trading on Monday, hitting $96.45. 441,197 shares of the stock traded hands. The company’s 50 day moving average is $98.19 and its 200 day moving average is $84.42. 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 $3.15 billion, a P/E ratio of 29.33 and a beta of 0.41.
Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The business earned $368.94 million during the quarter, compared to analysts’ expectations of $367.52 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Jack In The Box Inc. will post $3.73 EPS for the current fiscal year.
A number of research analysts have recently weighed in on the stock. Wells Fargo & Co. restated an “outperform” rating and set a $90.50 price target (up previously from $82.50) on shares of Jack In The Box in a report on Thursday, August 4th. Barclays PLC raised their price target on shares of Jack In The Box from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, August 5th. Robert W. Baird restated an “outperform” rating and set a $105.00 price target on shares of Jack In The Box in a report on Thursday, June 23rd. Vetr downgraded shares of Jack In The Box from a “hold” rating to a “sell” rating and set a $87.97 price target on the stock. in a report on Monday, July 25th. Finally, Wedbush restated an “outperform” rating and set a $115.00 price target on shares of Jack In The Box in a report on Saturday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Jack In The Box presently has an average rating of “Buy” and an average target price of $101.53.
In other Jack In The Box news, VP Carol A. Diraimo sold 2,000 shares of the stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the vice president now owns 16,059 shares in the company, valued at $1,605,900. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David Goebel sold 1,480 shares of the stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $101.46, for a total transaction of $150,160.80. Following the completion of the sale, the director now owns 23,377 shares of the company’s stock, valued at approximately $2,371,830.42. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company 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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