Koch Industries Inc. Has $311,000 Position in Jack in the Box Inc. (JACK)

Koch Industries Inc. lessened its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 46.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,645 shares of the restaurant operator’s stock after selling 3,208 shares during the period. Koch Industries Inc.’s holdings in Jack in the Box were worth $311,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JACK. Raymond James Financial Services Advisors Inc. bought a new stake in Jack in the Box during the fourth quarter worth about $224,000. Xact Kapitalforvaltning AB bought a new stake in Jack in the Box during the fourth quarter worth about $260,000. Teza Capital Management LLC bought a new stake in Jack in the Box during the first quarter worth about $280,000. Elkfork Partners LLC bought a new stake in Jack in the Box during the fourth quarter worth about $339,000. Finally, Envestnet Asset Management Inc. raised its holdings in Jack in the Box by 7,250.0% during the first quarter. Envestnet Asset Management Inc. now owns 3,822 shares of the restaurant operator’s stock worth $339,000 after acquiring an additional 3,770 shares in the last quarter. Institutional investors and hedge funds own 96.36% of the company’s stock.

In other news, Director David Goebel sold 1,486 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 21,702 shares of the company’s stock, valued at $1,837,725.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Jack in the Box stock opened at $86.26 on Friday. Jack in the Box Inc. has a 12 month low of $79.23 and a 12 month high of $108.55. The company has a debt-to-equity ratio of -2.09, a quick ratio of 0.85 and a current ratio of 0.87. The company has a market capitalization of $2.45 billion, a PE ratio of 22.23, a PEG ratio of 1.62 and a beta of 0.40.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 16th. The restaurant operator reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). Jack in the Box had a net margin of 10.50% and a negative return on equity of 27.25%. The firm had revenue of $209.80 million during the quarter, compared to analyst estimates of $212.84 million. During the same period in the previous year, the company posted $0.98 EPS. Jack in the Box’s revenue for the quarter was down 21.1% compared to the same quarter last year. analysts anticipate that Jack in the Box Inc. will post 3.85 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Tuesday, May 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date was Friday, May 25th. Jack in the Box’s payout ratio is 41.24%.

Several research firms have issued reports on JACK. BidaskClub upgraded Jack in the Box from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Wedbush restated a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a research note on Thursday, February 22nd. Morgan Stanley dropped their price objective on Jack in the Box from $115.00 to $106.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 6th. Zacks Investment Research lowered Jack in the Box from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price objective (down previously from $118.00) on shares of Jack in the Box in a research note on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the stock. Jack in the Box presently has a consensus rating of “Hold” and a consensus price target of $105.08.

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.

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

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