Quantitative Systematic Strategies LLC acquired a new stake in Jack in the Box Inc. (NASDAQ:JACK) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 16,134 shares of the restaurant operator’s stock, valued at approximately $1,308,000. Quantitative Systematic Strategies LLC owned about 0.06% of Jack in the Box at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in JACK. Marshall Wace LLP grew its stake in shares of Jack in the Box by 855.6% in the third quarter. Marshall Wace LLP now owns 566,255 shares of the restaurant operator’s stock valued at $47,469,000 after acquiring an additional 507,000 shares in the last quarter. Norges Bank acquired a new position in shares of Jack in the Box in the fourth quarter valued at about $23,325,000. Man Group plc grew its stake in shares of Jack in the Box by 795.1% in the third quarter. Man Group plc now owns 197,099 shares of the restaurant operator’s stock valued at $16,522,000 after acquiring an additional 175,080 shares in the last quarter. Macquarie Group Ltd. grew its stake in shares of Jack in the Box by 24.3% in the third quarter. Macquarie Group Ltd. now owns 633,009 shares of the restaurant operator’s stock valued at $53,065,000 after acquiring an additional 123,630 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Jack in the Box in the third quarter valued at about $10,168,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Several research firms recently commented on JACK. BidaskClub downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Tuesday. Telsey Advisory Group cut their price objective on shares of Jack in the Box from $105.00 to $95.00 and set an “outperform” rating for the company in a research report on Tuesday. Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, January 23rd. Wedbush reaffirmed a “hold” rating and set a $85.00 price objective on shares of Jack in the Box in a research report on Tuesday, April 9th. Finally, Gordon Haskett raised shares of Jack in the Box from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $91.40.
JACK opened at $78.08 on Tuesday. Jack in the Box Inc. has a twelve month low of $74.19 and a twelve month high of $93.98. The stock has a market cap of $2.02 billion, a P/E ratio of 20.60, a PEG ratio of 1.53 and a beta of 0.55.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, February 20th. The restaurant operator reported $1.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.05. Jack in the Box had a net margin of 16.55% and a negative return on equity of 20.44%. The business had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $275.26 million. During the same quarter in the prior year, the business posted $1.23 earnings per share. Jack in the Box’s revenue was down 1.3% compared to the same quarter last year. On average, analysts expect that Jack in the Box Inc. will post 4.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Monday, March 4th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.60 annualized dividend and a yield of 2.05%. Jack in the Box’s dividend payout ratio is 42.22%.
In other news, CFO Lance F. Tucker sold 517 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $81.26, for a total value of $42,011.42. Following the completion of the transaction, the chief financial officer now owns 19,004 shares of the company’s stock, valued at $1,544,265.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,113 shares of company stock valued at $89,004 in the last ninety days. 2.30% of the stock is currently owned by company insiders.
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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 April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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