Millennium Management LLC lifted its stake in Jack in the Box (NASDAQ:JACK) by 36.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 994,440 shares of the restaurant operator’s stock after acquiring an additional 268,145 shares during the quarter. Millennium Management LLC owned 3.37% of Jack in the Box worth $97,565,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. increased its stake in 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 worth $110,000 after buying an additional 962 shares during the period. Cerebellum GP LLC purchased a new stake in Jack in the Box during the 4th quarter worth approximately $118,000. Royal Bank of Canada increased its stake in 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 worth $126,000 after buying an additional 105 shares during the period. Vident Investment Advisory LLC purchased a new stake in Jack in the Box during the 3rd quarter worth approximately $203,000. Finally, Diligent Investors LLC purchased a new stake in Jack in the Box during the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 98.84% of the company’s stock.
Several equities research analysts recently weighed in on JACK shares. BidaskClub raised shares of Jack in the Box from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Wedbush raised shares of Jack in the Box from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $104.00 to $115.00 in a research note on Friday, January 26th. Wells Fargo cut their target price on shares of Jack in the Box from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 30th. Goldman Sachs raised shares of Jack in the Box from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Finally, BTIG Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. One 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’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $107.62.
Shares of NASDAQ:JACK traded down $0.59 during trading hours on Friday, reaching $86.54. The stock had a trading volume of 461,226 shares, compared to its average volume of 651,547. Jack in the Box has a 1 year low of $79.30 and a 1 year high of $113.00. The company has a current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of -2.77. The company has a market cap of $2,573.14, a PE ratio of 22.30, a P/E/G ratio of 1.52 and a beta of 0.44.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 EPS for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.17. Jack in the Box had a net margin of 8.20% and a negative return on equity of 28.27%. The company had revenue of $294.50 million for the quarter, compared to the consensus estimate of $284.37 million. During the same period in the prior year, the firm posted $1.18 EPS. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. equities research analysts expect that Jack in the Box will post 3.98 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend was Friday, March 2nd. Jack in the Box’s payout ratio is 41.24%.
In other news, VP Vanessa C. Fox sold 610 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $91.00, for a total value of $55,510.00. Following the completion of the transaction, the vice president now owns 2,051 shares in the company, valued at approximately $186,641. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David Goebel sold 1,486 shares of the company’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $84.68, for a total transaction of $125,834.48. Following the completion of the transaction, the director now owns 21,702 shares of the company’s stock, valued at approximately $1,837,725.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,596 shares of company stock valued at $225,544. Company insiders own 2.60% of the company’s stock.
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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 and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.
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