Stifel Financial Corp decreased its stake in Jack in the Box Inc. (NASDAQ:JACK) by 44.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,631 shares of the restaurant operator’s stock after selling 2,094 shares during the period. Stifel Financial Corp’s holdings in Jack in the Box were worth $200,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in JACK. JNBA Financial Advisors acquired a new stake in shares of Jack in the Box in the fourth quarter worth $31,000. Strs Ohio grew its stake in shares of Jack in the Box by 600.0% in the fourth quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,200 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Jack in the Box by 267.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock worth $129,000 after acquiring an additional 1,123 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Jack in the Box in the fourth quarter worth $197,000. Finally, First Trust Advisors LP acquired a new stake in shares of Jack in the Box in the fourth quarter worth $201,000. Institutional investors and hedge funds own 95.52% of the company’s stock.
Several equities research analysts have recently issued reports on JACK shares. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Cowen restated a “hold” rating and issued a $81.00 price objective on shares of Jack in the Box in a research note on Tuesday, February 19th. Wells Fargo & Co lowered their price objective on shares of Jack in the Box from $96.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, February 14th. BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Gordon Haskett raised Jack in the Box from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Jack in the Box currently has an average rating of “Hold” and an average price target of $91.40.
In related news, CFO Lance F. Tucker sold 517 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total value of $42,011.42. Following the completion of the transaction, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at $1,544,265.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last ninety days, insiders sold 1,113 shares of company stock valued at $89,004. 2.30% of the stock is owned by company insiders.
Shares of JACK stock opened at $78.00 on Friday. The firm has a market capitalization of $2.01 billion, a P/E ratio of 19.90, a PEG ratio of 1.52 and a beta of 0.55. Jack in the Box Inc. has a one year low of $74.19 and a one year high of $93.98.
Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, February 20th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate of $1.30 by $0.05. The firm had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $275.26 million. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. Jack in the Box’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.23 earnings per share. On average, analysts predict that Jack in the Box Inc. will post 4.25 EPS for the current year.
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Jack in the Box Company Profile
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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