Jack in the Box Inc. (NASDAQ:JACK) Holdings Increased by Wells Fargo & Company MN

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Wells Fargo & Company MN raised its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 43.3% in the first quarter, HoldingsChannel.com reports. The firm owned 448,922 shares of the restaurant operator’s stock after purchasing an additional 135,621 shares during the quarter. Wells Fargo & Company MN’s holdings in Jack in the Box were worth $36,390,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Retirement Systems of Alabama grew its position in shares of Jack in the Box by 0.6% during the 1st quarter. Retirement Systems of Alabama now owns 33,596 shares of the restaurant operator’s stock worth $2,723,000 after buying an additional 201 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Jack in the Box by 1.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 16,650 shares of the restaurant operator’s stock worth $1,200,000 after buying an additional 236 shares during the period. Mason Street Advisors LLC grew its position in shares of Jack in the Box by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 13,723 shares of the restaurant operator’s stock worth $1,112,000 after buying an additional 239 shares during the period. Amalgamated Bank grew its position in shares of Jack in the Box by 8.4% during the 4th quarter. Amalgamated Bank now owns 3,941 shares of the restaurant operator’s stock worth $306,000 after buying an additional 304 shares during the period. Finally, Hsbc Holdings PLC grew its position in shares of Jack in the Box by 11.0% during the 4th quarter. Hsbc Holdings PLC now owns 3,317 shares of the restaurant operator’s stock worth $257,000 after buying an additional 330 shares during the period. 95.52% of the stock is owned by institutional investors and hedge funds.

Shares of JACK traded up $0.02 during trading hours on Friday, reaching $85.67. The stock had a trading volume of 3,941 shares, compared to its average volume of 793,368. Jack in the Box Inc. has a 12 month low of $74.19 and a 12 month high of $93.98. The stock has a market cap of $2.21 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.61 and a beta of 0.38.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The company had revenue of $215.73 million for the quarter, compared to analysts’ expectations of $217.99 million. During the same period last year, the business earned $0.80 EPS. Jack in the Box’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Jack in the Box Inc. will post 4.25 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Tuesday, May 28th. Jack in the Box’s dividend payout ratio is currently 42.22%.

In other Jack in the Box news, EVP Mark H. Blankenship sold 2,413 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $83.69, for a total transaction of $201,943.97. Following the transaction, the executive vice president now directly owns 27,097 shares in the company, valued at approximately $2,267,747.93. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Lance F. Tucker sold 517 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $81.26, for a total value of $42,011.42. Following the transaction, the chief financial officer now owns 19,004 shares in the company, valued at $1,544,265.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,034 shares of company stock worth $333,516. 2.30% of the stock is owned by company insiders.

JACK has been the subject of several recent analyst reports. BidaskClub downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Stifel Nicolaus raised shares of Jack in the Box from a “hold” rating to a “buy” rating and raised their price objective for the stock from $85.00 to $95.00 in a research report on Monday, May 20th. Wells Fargo & Co reduced their price objective on shares of Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, February 14th. ValuEngine downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, Cowen reiterated a “hold” rating and issued a $81.00 target price on shares of Jack in the Box in a report on Tuesday, February 19th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $92.50.

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Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Want to see what other hedge funds are holding JACK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack in the Box Inc. (NASDAQ:JACK).

Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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