Marshall Wace LLP purchased a new position in Jack in the Box Inc. (NASDAQ:JACK) in the second quarter, HoldingsChannel reports. The firm purchased 59,255 shares of the restaurant operator’s stock, valued at approximately $5,044,000.
Other large investors also recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Jack in the Box during the second quarter valued at approximately $653,000. Russell Investments Group Ltd. lifted its stake in Jack in the Box by 4.4% during the second quarter. Russell Investments Group Ltd. now owns 151,464 shares of the restaurant operator’s stock valued at $12,906,000 after purchasing an additional 6,419 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Jack in the Box during the second quarter valued at approximately $284,000. NumerixS Investment Technologies Inc acquired a new stake in Jack in the Box during the second quarter valued at approximately $242,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Jack in the Box during the second quarter valued at approximately $3,256,000. 98.86% of the stock is owned by institutional investors.
In other news, SVP Paul D. Melancon sold 1,125 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $90.00, for a total transaction of $101,250.00. Following the sale, the senior vice president now owns 5,002 shares in the company, valued at $450,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Leonard A. Comma sold 78,719 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $90.74, for a total transaction of $7,142,962.06. Following the sale, the chief executive officer now owns 235,832 shares in the company, valued at approximately $21,399,395.68. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.
JACK stock opened at $84.53 on Monday. Jack in the Box Inc. has a 52-week low of $79.23 and a 52-week high of $108.55. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of -1.94. The company has a market cap of $2.31 billion, a PE ratio of 21.79, a PEG ratio of 1.58 and a beta of 0.43.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, August 8th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.12. Jack in the Box had a net margin of 13.10% and a negative return on equity of 26.21%. The business had revenue of $187.98 million for the quarter, compared to analyst estimates of $185.05 million. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue was down 23.6% compared to the same quarter last year. equities research analysts anticipate that Jack in the Box Inc. will post 3.89 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, August 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.89%. Jack in the Box’s dividend payout ratio is currently 41.24%.
JACK has been the subject of several recent research reports. Cowen reissued a “hold” rating and set a $94.00 target price on shares of Jack in the Box in a research note on Thursday, August 9th. Wedbush reissued an “outperform” rating on shares of Jack in the Box in a research note on Wednesday, July 11th. ValuEngine lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. UBS Group increased their target price on shares of Jack in the Box from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Finally, BidaskClub lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Jack in the Box presently has an average rating of “Hold” and an average price target of $105.50.
About Jack in the Box
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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