Jana Partners LLC acquired a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,316,715 shares of the restaurant operator’s stock, valued at approximately $134,200,000. Jack in the Box accounts for approximately 2.7% of Jana Partners LLC’s portfolio, making the stock its 14th largest position. Jana Partners LLC owned approximately 4.48% of Jack in the Box at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Jack in the Box by 9.6% in the second quarter. Aperio Group LLC now owns 9,287 shares of the restaurant operator’s stock valued at $915,000 after buying an additional 813 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Jack in the Box by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 2,777 shares of the restaurant operator’s stock valued at $274,000 after buying an additional 151 shares during the period. Sei Investments Co. lifted its stake in Jack in the Box by 15.2% during the second quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock worth $354,000 after purchasing an additional 475 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Jack in the Box by 10.9% during the second quarter. Canada Pension Plan Investment Board now owns 122,582 shares of the restaurant operator’s stock worth $12,074,000 after purchasing an additional 12,000 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the second quarter worth $501,000. Institutional investors own 99.23% of the company’s stock.
Jack in the Box Inc. (NASDAQ:JACK) opened at $99.64 on Friday. Jack in the Box Inc. has a 1 year low of $90.89 and a 1 year high of $113.00. The firm has a market cap of $3,019.29, a PE ratio of 26.44, a P/E/G ratio of 1.84 and a beta of 0.51. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The business had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. Jack in the Box’s revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. equities analysts expect that Jack in the Box Inc. will post 4.49 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.61%. Jack in the Box’s dividend payout ratio (DPR) is 36.36%.
In other news, CEO Leonard A. Comma sold 6,021 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $615,466.62. Following the completion of the sale, the chief executive officer now owns 173,796 shares in the company, valued at approximately $17,765,427.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Dean C. Gordon sold 278 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the transaction, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,971 shares of company stock valued at $1,121,715. Company insiders own 2.10% of the company’s stock.
JACK has been the subject of several recent analyst reports. Wells Fargo & Company cut their target price on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Oppenheimer reiterated a “buy” rating and set a $125.00 price target on shares of Jack in the Box in a report on Monday, November 20th. Jefferies Group reiterated a “buy” rating and set a $120.00 price target on shares of Jack in the Box in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $115.00 to $104.00 in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $112.62.
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About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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