Jack in the Box Inc. (JACK) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 65.3% in the third quarter, Holdings Channel reports. The fund owned 5,333 shares of the restaurant operator’s stock after selling 10,036 shares during the period. Trexquant Investment LP’s holdings in Jack in the Box were worth $447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of JACK. Wells Fargo & Company MN increased its position in shares of Jack in the Box by 160.3% during the second quarter. Wells Fargo & Company MN now owns 319,918 shares of the restaurant operator’s stock valued at $27,231,000 after acquiring an additional 850,593 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Jack in the Box by 111.1% during the third quarter. Victory Capital Management Inc. now owns 552,731 shares of the restaurant operator’s stock valued at $46,336,000 after acquiring an additional 290,870 shares during the last quarter. OppenheimerFunds Inc. increased its position in shares of Jack in the Box by 5,145.8% during the second quarter. OppenheimerFunds Inc. now owns 264,703 shares of the restaurant operator’s stock valued at $22,531,000 after acquiring an additional 259,657 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Jack in the Box by 2,110.8% during the second quarter. Point72 Asset Management L.P. now owns 252,032 shares of the restaurant operator’s stock valued at $21,453,000 after acquiring an additional 240,632 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Jack in the Box by 275.0% during the third quarter. JPMorgan Chase & Co. now owns 148,961 shares of the restaurant operator’s stock valued at $12,488,000 after acquiring an additional 109,235 shares during the last quarter.

In other Jack in the Box news, Director David Goebel sold 1,849 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $83.58, for a total transaction of $154,539.42. Following the sale, the director now owns 18,396 shares in the company, valued at $1,537,537.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Leonard A. Comma sold 11,528 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $87.66, for a total value of $1,010,544.48. Following the sale, the chief executive officer now owns 196,397 shares in the company, valued at approximately $17,216,161.02. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock valued at $1,347,154 in the last three months. 2.60% of the stock is owned by corporate insiders.

NASDAQ:JACK opened at $86.46 on Thursday. The firm has a market cap of $2.23 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.70 and a beta of 0.49. Jack in the Box Inc. has a 52-week low of $75.09 and a 52-week high of $108.55.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). The business had revenue of $177.47 million for the quarter, compared to the consensus estimate of $175.26 million. Jack in the Box had a net margin of 13.96% and a negative return on equity of 23.22%. Jack in the Box’s quarterly revenue was down 23.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, equities analysts expect that Jack in the Box Inc. will post 4.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Wednesday, December 5th will be paid 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 is Tuesday, December 4th. Jack in the Box’s dividend payout ratio is 42.22%.

A number of analysts recently commented on the company. ValuEngine raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, August 9th. Cowen reissued a “hold” rating and set a $94.00 price objective on shares of Jack in the Box in a report on Thursday, August 9th. Stifel Nicolaus reduced their price objective on Jack in the Box from $93.00 to $88.00 and set a “reduce” rating for the company in a report on Monday, October 1st. UBS Group increased their price objective on Jack in the Box from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Friday, August 10th. Finally, Wedbush reissued a “buy” rating and set a $115.00 price objective on shares of Jack in the Box in a report on Thursday, October 4th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $94.09.

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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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