Jack In The Box Inc. (JACK) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 12.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,399 shares of the restaurant operator’s stock after selling 36,430 shares during the quarter. Schroder Investment Management Group owned about 0.88% of Jack In The Box worth $25,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Jack In The Box by 9.3% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,774 shares of the restaurant operator’s stock valued at $3,130,000 after buying an additional 2,715 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Jack In The Box by 3.0% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock valued at $483,000 after buying an additional 165 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Jack In The Box by 58.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 49,539 shares of the restaurant operator’s stock valued at $4,879,000 after buying an additional 18,257 shares in the last quarter. Pacad Investment Ltd. grew its holdings in Jack In The Box by 1,344.4% during the 2nd quarter. Pacad Investment Ltd. now owns 13,000 shares of the restaurant operator’s stock valued at $1,281,000 after buying an additional 12,100 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jack In The Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 601 shares in the last quarter. 94.95% of the stock is owned by institutional investors and hedge funds.

Shares of Jack In The Box Inc. (JACK) opened at 96.70 on Wednesday. Jack In The Box Inc. has a 12 month low of $90.89 and a 12 month high of $113.30. The company has a market capitalization of $2.85 billion, a P/E ratio of 22.31 and a beta of 0.59. The company has a 50-day moving average price of $94.62 and a 200-day moving average price of $99.27.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.06). Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $360.84 million. During the same period in the prior year, the company posted $1.07 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts forecast that Jack In The Box Inc. will post $4.05 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Friday, August 18th. Jack In The Box’s dividend payout ratio is currently 36.70%.

A number of equities research analysts have issued reports on JACK shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Jack In The Box in a report on Thursday, July 27th. Zacks Investment Research raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Wells Fargo & Company reissued an “outperform” rating and issued a $125.00 target price on shares of Jack In The Box in a report on Thursday, August 3rd. Bank of America Corporation reissued a “buy” rating and issued a $118.00 target price (down from $120.00) on shares of Jack In The Box in a report on Tuesday, June 13th. Finally, BidaskClub lowered shares of Jack In The Box from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $114.85.

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About Jack In The Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

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Institutional Ownership by Quarter for Jack In The Box (NASDAQ:JACK)

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