Capital Fund Management S.A. increased its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 49.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,190 shares of the company’s stock after buying an additional 32,483 shares during the period. Capital Fund Management S.A.’s holdings in Jack In The Box were worth $8,436,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in 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 valued at $171,000 after buying an additional 738 shares during the last quarter. Mount Lucas Management LP raised its stake in shares of 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 during the last quarter. Capstone Asset Management Co. bought a new stake in shares of Jack In The Box during the second quarter valued at about $224,000. Oakbrook Investments LLC bought a new stake in shares of Jack In The Box during the second quarter valued at about $232,000. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Jack In The Box during the second quarter valued at about $292,000. Institutional investors and hedge funds own 98.56% of the company’s stock.
Shares of Jack In The Box Inc. (NASDAQ:JACK) traded down 1.89% on Thursday, reaching $94.37. 659,679 shares of the company’s stock were exchanged. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 28.70 and a beta of 0.45. Jack In The Box Inc. has a one year low of $61.78 and a one year high of $102.68. The company’s 50 day moving average is $98.89 and its 200-day moving average is $83.17.
Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20. The firm earned $368.94 million during 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 quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. On average, analysts anticipate that Jack In The Box Inc. will post $3.73 EPS for the current year.
Several brokerages have issued reports on JACK. Robert W. Baird reiterated an “outperform” rating and set a $105.00 target price on shares of Jack In The Box in a research report on Thursday, June 23rd. Vetr upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research report on Wednesday, June 8th. Barclays PLC lifted their target price on shares of Jack In The Box from $86.00 to $96.00 and gave the company an “equal weight” rating in a research report on Friday, August 5th. Bank of America Corp. reiterated a “buy” rating and set a $108.00 target price on shares of Jack In The Box in a research report on Tuesday. Finally, SunTrust Banks Inc. initiated coverage on shares of Jack In The Box in a research report on Wednesday, June 1st. They set a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $101.68.
In other news, Director David Goebel sold 1,480 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $101.46, for a total transaction of $150,160.80. Following the completion of the transaction, the director now directly owns 23,377 shares in the company, valued at approximately $2,371,830.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Carol A. Diraimo sold 2,000 shares of the stock in a transaction that occurred 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 transaction, the vice president now owns 16,059 shares of the company’s stock, valued at $1,605,900. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
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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