Emerald Advisers Inc. PA Has $14.19 Million Holdings in Jack in the Box Inc. (JACK)

Emerald Advisers Inc. PA grew its stake in Jack in the Box Inc. (NASDAQ:JACK) by 24.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,231 shares of the restaurant operator’s stock after buying an additional 32,910 shares during the quarter. Emerald Advisers Inc. PA’s holdings in Jack in the Box were worth $14,187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of JACK. Wells Fargo & Company MN increased its position in Jack in the Box by 160.3% in the second quarter. Wells Fargo & Company MN now owns 319,918 shares of the restaurant operator’s stock worth $27,231,000 after buying an additional 850,593 shares in the last quarter. OppenheimerFunds Inc. increased its position in Jack in the Box by 5,145.8% in the second quarter. OppenheimerFunds Inc. now owns 264,703 shares of the restaurant operator’s stock worth $22,531,000 after buying an additional 259,657 shares in the last quarter. Point72 Asset Management L.P. increased its position in Jack in the Box by 2,110.8% in the second quarter. Point72 Asset Management L.P. now owns 252,032 shares of the restaurant operator’s stock worth $21,453,000 after buying an additional 240,632 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in Jack in the Box in the second quarter worth about $17,625,000. Finally, Victory Capital Management Inc. increased its position in Jack in the Box by 98.6% in the second quarter. Victory Capital Management Inc. now owns 261,861 shares of the restaurant operator’s stock worth $22,290,000 after buying an additional 129,988 shares in the last quarter. Institutional investors and hedge funds own 99.93% of the company’s stock.

In related news, CEO Leonard A. Comma sold 78,719 shares of the stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $90.74, for a total transaction of $7,142,962.06. Following the completion of the transaction, the chief executive officer now directly owns 235,832 shares of the company’s stock, valued at $21,399,395.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Paul D. Melancon sold 1,125 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $90.00, for a total value of $101,250.00. Following the transaction, the senior vice president now directly owns 5,002 shares of the company’s stock, valued at $450,180. The disclosure for this sale can be found here. Over the last three months, insiders have sold 81,693 shares of company stock valued at $7,398,751. 2.60% of the stock is owned by corporate insiders.

A number of equities analysts have recently weighed in on JACK shares. BidaskClub lowered Jack in the Box from a “hold” rating to a “sell” rating in a research note on Saturday, September 15th. UBS Group upped their price objective on Jack in the Box from $95.00 to $100.00 and gave the stock a “neutral” rating in a research note on Friday, August 10th. Wedbush reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a research note on Thursday, October 4th. ValuEngine lowered Jack in the Box from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. Finally, Stifel Nicolaus dropped their price objective on Jack in the Box from $93.00 to $88.00 and set a “reduce” rating for the company in a research note on Monday, October 1st. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $99.46.

Shares of Jack in the Box stock opened at $79.00 on Friday. Jack in the Box Inc. has a 12 month low of $75.09 and a 12 month high of $108.55. The company has a market cap of $2.16 billion, a P/E ratio of 20.36, a PEG ratio of 1.27 and a beta of 0.45.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 8th. The restaurant operator reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. Jack in the Box had a negative return on equity of 26.21% and a net margin of 13.10%. The company had revenue of $187.98 million during the quarter, compared to analyst estimates of $185.05 million. During the same period in the prior year, the company earned $0.79 earnings per share. The firm’s revenue was down 23.6% on a year-over-year basis. On average, equities analysts anticipate that Jack in the Box Inc. will post 3.89 EPS for the current year.

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

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