Jack In The Box Inc. $JACK Shares Sold by UBS Group AG

UBS Group AG lessened its holdings in shares of Jack In The Box Inc. (NASDAQ:JACK) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 267,274 shares of the restaurant operator’s stock after selling 243,171 shares during the quarter. UBS Group AG owned approximately 1.40% of Jack In The Box worth $5,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Callodine Capital Management LP boosted its stake in Jack In The Box by 4.7% during the 3rd quarter. Callodine Capital Management LP now owns 1,695,504 shares of the restaurant operator’s stock worth $33,520,000 after purchasing an additional 75,572 shares during the last quarter. Marshall Wace LLP boosted its stake in Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after purchasing an additional 490,071 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Jack In The Box by 45.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock worth $7,697,000 after purchasing an additional 121,752 shares during the last quarter. Earnest Partners LLC boosted its stake in Jack In The Box by 5.9% during the 3rd quarter. Earnest Partners LLC now owns 312,842 shares of the restaurant operator’s stock worth $6,185,000 after purchasing an additional 17,300 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Jack In The Box by 519.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock worth $4,773,000 after purchasing an additional 202,469 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JACK. Citigroup lowered their target price on shares of Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Barclays lowered their target price on shares of Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Royal Bank Of Canada lowered their target price on shares of Jack In The Box from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. TD Cowen reduced their price target on Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Finally, Stifel Nicolaus lifted their price target on Jack In The Box from $10.00 to $15.00 and gave the stock a “hold” rating in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.84.

Jack In The Box Stock Up 1.6%

NASDAQ JACK opened at $11.35 on Friday. Jack In The Box Inc. has a 52 week low of $8.91 and a 52 week high of $25.34. The business’s fifty day simple moving average is $11.87 and its 200-day simple moving average is $16.50. The firm has a market cap of $216.44 million, a PE ratio of 6.14, a P/E/G ratio of 0.61 and a beta of 1.45.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The business had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million. During the same quarter in the previous year, the firm earned $1.20 EPS. The company’s quarterly revenue was down 24.5% compared to the same quarter last year. Research analysts expect that Jack In The Box Inc. will post 3.43 EPS for the current year.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.