7,499 Shares in Jack in the Box (NASDAQ:JACK) Purchased by Sciencast Management LP

Sciencast Management LP bought a new position in shares of Jack in the Box (NASDAQ:JACK) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,499 shares of the restaurant operator’s stock, valued at approximately $700,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of JACK. 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 purchasing an additional 105 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Jack in the Box by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock worth $216,000 after acquiring an additional 30 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Jack in the Box during the 3rd quarter worth approximately $454,000. Victory Capital Management Inc. grew its stake in shares of Jack in the Box by 36.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,560 shares of the restaurant operator’s stock worth $261,000 after acquiring an additional 685 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Jack in the Box by 7.8% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 21,273 shares of the restaurant operator’s stock worth $2,168,000 after acquiring an additional 1,540 shares in the last quarter. 98.84% of the stock is owned by institutional investors and hedge funds.

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In other news, VP Vanessa C. Fox sold 500 shares of Jack in the Box stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.40, for a total transaction of $44,200.00. Following the completion of the sale, the vice president now owns 2,142 shares of the company’s stock, valued at $189,352.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David Goebel sold 1,486 shares of Jack in the Box stock in a transaction on Friday, March 23rd. The stock was sold at an average price of $84.68, for a total value of $125,834.48. Following the sale, the director now directly 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. Insiders have sold a total of 2,596 shares of company stock valued at $225,544 in the last ninety days. Insiders own 2.60% of the company’s stock.

NASDAQ JACK opened at $86.54 on Friday. The company has a market capitalization of $2,541.54, a PE ratio of 22.30, a P/E/G ratio of 1.50 and a beta of 0.44. The company has a debt-to-equity ratio of -2.77, a current ratio of 1.53 and a quick ratio of 1.52. Jack in the Box has a 12 month low of $79.30 and a 12 month high of $113.00.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 EPS for the quarter, beating the consensus estimate of $1.06 by $0.17. The company had revenue of $294.50 million during the quarter, compared to the consensus estimate of $284.37 million. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. The firm’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.18 EPS. sell-side analysts forecast that Jack in the Box will post 3.98 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, March 2nd. Jack in the Box’s dividend payout ratio is 41.24%.

Several brokerages have recently weighed in on JACK. BTIG Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Barclays reaffirmed an “equal weight” rating and set a $101.00 price target (up from $100.00) on shares of Jack in the Box in a research note on Tuesday, January 16th. Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday, February 13th. Cowen reaffirmed a “hold” rating and set a $94.00 price target on shares of Jack in the Box in a research note on Friday, February 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price target (down from $118.00) on shares of Jack in the Box in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $107.62.

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Jack in the Box 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.

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

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