Advisory Research Inc. Sells 36,549 Shares of Jack in the Box Inc. (JACK)

Advisory Research Inc. lowered its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 8.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 420,157 shares of the restaurant operator’s stock after selling 36,549 shares during the period. Advisory Research Inc. owned about 1.42% of Jack in the Box worth $41,221,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JACK. Meeder Asset Management Inc. raised its stake in shares of Jack in the Box by 597.5% during the 4th quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 962 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Jack in the Box during the 4th quarter valued at about $118,000. Royal Bank of Canada raised its stake in shares of Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 105 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Jack in the Box during the 3rd quarter valued at about $203,000. Finally, Diligent Investors LLC purchased a new position in shares of Jack in the Box during the 3rd quarter valued at about $206,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

A number of equities analysts have weighed in on the company. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Co reduced their price objective on Jack in the Box from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Tuesday, January 30th. BidaskClub lowered Jack in the Box from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Jefferies Group lowered Jack in the Box from a “buy” rating to a “hold” rating and cut their price target for the company from $120.00 to $100.00 in a research note on Wednesday, December 20th. Finally, SunTrust Banks set a $110.00 price target on Jack in the Box and gave the company a “buy” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Jack in the Box presently has an average rating of “Hold” and a consensus price target of $111.31.

In other news, SVP Paul D. Melancon sold 461 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $45,998.58. Following the transaction, the senior vice president now directly owns 5,370 shares in the company, valued at approximately $535,818.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Leonard A. Comma sold 9,436 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $941,524.08. Following the transaction, the chief executive officer now owns 181,320 shares in the company, valued at $18,092,109.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,671 shares of company stock valued at $2,586,928. 2.60% of the stock is owned by company insiders.

Shares of Jack in the Box Inc. (NASDAQ:JACK) opened at $81.95 on Wednesday. Jack in the Box Inc. has a 52 week low of $79.30 and a 52 week high of $113.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The company has a market capitalization of $2,410.00, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.51 and a beta of 0.42.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. During the same quarter last year, the firm posted $1.03 earnings per share. Jack in the Box’s quarterly revenue was down 15.0% on a year-over-year basis. equities analysts anticipate that Jack in the Box Inc. will post 4.02 earnings per share for the current year.

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

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