Jack in the Box, Inc. (JACK)

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Fmr LLC Boosts Stake in Jack in the Box Inc. (JACK)
March 16th, 2017 - By Amy Steele -
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Fmr LLC boosted its position in Jack in the Box Inc. (NASDAQ:JACK) by 145.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 743,539 shares of the company’s stock after buying an additional 440,741 shares during the period. Fmr LLC owned approximately 2.30% of Jack in the Box worth $83,009,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Jack in the Box by 58,757.7% in the third quarter. Victory Capital Management Inc. now owns 620,949 shares of the company’s stock worth $59,573,000 after buying an additional 619,894 shares during the last quarter. Mik Capital LLC purchased a new position in shares of Jack in the Box during the third quarter worth $53,322,000. Russell Investments Group Ltd. purchased a new position in shares of Jack in the Box during the fourth quarter worth $13,113,000.

Columbus Circle Investors raised its position in shares of Jack in the Box by 107.2% in the third quarter. Columbus Circle Investors now owns 224,055 shares of the company’s stock worth $21,496,000 after buying an additional 115,919 shares during the last quarter. Finally, Blackstone Group L.P. purchased a new position in shares of Jack in the Box during the third quarter worth $10,181,000. 98.13% of the stock is currently owned by institutional investors.



Jack in the Box Inc. (NASDAQ:JACK) opened at 98.91 on Thursday. The company has a market cap of $3.13 billion, a P/E ratio of 25.93 and a beta of 0.55. The firm has a 50-day moving average price of $102.82 and a 200-day moving average price of $102.40. Jack in the Box Inc. has a 52 week low of $61.78 and a 52 week high of $113.30.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, February 22nd. The company reported $1.18 earnings per share for the quarter, missing analysts’ consensus estimates of $1.24 by $0.06. Jack in the Box had a negative return on equity of 83.17% and a net margin of 7.76%. The company had revenue of $487.90 million for the quarter, compared to analysts’ expectations of $499.40 million. During the same period in the prior year, the company posted $0.93 EPS. The firm’s revenue was up 3.6% compared to the same quarter last year. Equities research analysts anticipate that Jack in the Box Inc. will post $4.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Stockholders of record on Tuesday, March 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend is Friday, March 3rd. Jack in the Box’s dividend payout ratio is currently 43.96%.

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A number of equities analysts have recently weighed in on JACK shares. SunTrust Banks, Inc. raised Jack in the Box from a “neutral” rating to a “buy” rating and upped their target price for the stock from $102.00 to $122.00 in a research report on Friday, February 10th. TheStreet lowered Jack in the Box from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Goldman Sachs Group Inc reissued a “sell” rating and issued a $88.00 price target on shares of Jack in the Box in a research report on Friday, November 25th.

Jefferies Group LLC increased their price target on Jack in the Box from $112.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, November 25th. Finally, Wedbush reissued an “outperform” rating and issued a $125.00 price target on shares of Jack in the Box in a research report on Tuesday, November 22nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $108.23.

In other news, Director David Goebel sold 1,376 shares of the company’s stock in a transaction on Thursday, January 5th. The stock was sold at an average price of $108.83, for a total transaction of $149,750.08. Following the sale, the director now owns 20,665 shares of the company’s stock, valued at $2,248,971.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Also, VP Vanessa C. Fox sold 1,780 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $94.63, for a total value of $168,441.40. Following the sale, the vice president now directly owns 2,009 shares in the company, valued at approximately $190,111.67. The disclosure for this sale can be found here. Insiders have sold 4,500 shares of company stock worth $468,693 in the last ninety days. Corporate insiders own 2.10% of the company’s stock.

Jack in the Box Company Profile

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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