Windward Management LP Makes New $2.88 Billion Investment in Jack In The Box Inc. $JACK

Windward Management LP bought a new stake in shares of Jack In The Box Inc. (NASDAQ:JACK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 182,404 shares of the restaurant operator’s stock, valued at approximately $2,883,807,000. Jack In The Box comprises approximately 0.9% of Windward Management LP’s portfolio, making the stock its 7th biggest holding. Windward Management LP owned about 0.96% of Jack In The Box at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JACK. US Bancorp DE raised its stake in Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 698 shares in the last quarter. Allworth Financial LP grew its stake in shares of Jack In The Box by 322.6% in the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after buying an additional 1,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Jack In The Box by 3,604.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,802 shares during the last quarter. Legal & General Group Plc bought a new stake in shares of Jack In The Box in the 2nd quarter worth about $30,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Jack In The Box during the 2nd quarter valued at about $48,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack In The Box Trading Down 3.5%

JACK stock opened at $15.90 on Friday. Jack In The Box Inc. has a 12 month low of $8.91 and a 12 month high of $23.86. The company has a 50-day moving average price of $15.91 and a 200 day moving average price of $14.25. The stock has a market cap of $304.96 million, a PE ratio of 9.19, a P/E/G ratio of 0.98 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $257.66 million for the quarter, compared to analyst estimates of $264.60 million. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The firm’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 EPS. Sell-side analysts forecast that Jack In The Box Inc. will post 3.14 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on JACK shares. Wall Street Zen raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Guggenheim downgraded Jack In The Box from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Oppenheimer lowered their price objective on Jack In The Box from $27.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Citigroup lifted their target price on Jack In The Box from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group set a $12.50 target price on Jack In The Box in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $17.22.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.