Pacer Advisors Inc. purchased a new stake in Jack in the Box Inc. (NASDAQ:JACK) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,273 shares of the restaurant operator’s stock, valued at approximately $836,000.
Other hedge funds have also recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of Jack in the Box in the second quarter valued at $40,000. Acadian Asset Management LLC purchased a new position in shares of Jack in the Box in the second quarter valued at $159,000. Convergence Investment Partners LLC purchased a new position in shares of Jack in the Box in the second quarter valued at $201,000. Envestnet Asset Management Inc. purchased a new position in shares of Jack in the Box in the second quarter valued at $237,000. Finally, Bank of Montreal Can increased its position in shares of Jack in the Box by 298.8% in the second quarter. Bank of Montreal Can now owns 2,971 shares of the restaurant operator’s stock valued at $242,000 after buying an additional 2,226 shares in the last quarter.
Shares of JACK traded up $1.16 during trading hours on Friday, reaching $87.98. 105,363 shares of the company traded hands, compared to its average volume of 475,570. The stock has a market capitalization of $2.24 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.54 and a beta of 0.22. Jack in the Box Inc. has a fifty-two week low of $70.77 and a fifty-two week high of $90.49. The stock has a fifty day simple moving average of $83.35 and a 200 day simple moving average of $80.83.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $222.36 million for the quarter, compared to analyst estimates of $220.44 million. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. On average, equities analysts forecast that Jack in the Box Inc. will post 4.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, August 16th. Jack in the Box’s payout ratio is currently 42.22%.
In related news, CEO Leonard A. Comma sold 3,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $90.00, for a total transaction of $270,000.00. Following the sale, the chief executive officer now owns 186,522 shares of the company’s stock, valued at $16,786,980. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Leonard A. Comma sold 15,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $86.10, for a total value of $1,291,500.00. Following the sale, the chief executive officer now directly owns 204,552 shares in the company, valued at approximately $17,611,927.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,080 shares of company stock worth $3,047,960. Corporate insiders own 2.30% of the company’s stock.
A number of research analysts have recently weighed in on JACK shares. Goldman Sachs Group started coverage on Jack in the Box in a research report on Monday, July 29th. They issued a “sell” rating and a $69.00 price target for the company. Telsey Advisory Group raised their price target on Jack in the Box from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. ValuEngine upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. BidaskClub upgraded Jack in the Box from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus upgraded Jack in the Box from a “hold” rating to a “buy” rating and raised their price target for the company from $85.00 to $95.00 in a research report on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $92.33.
Jack in the Box Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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