IPG Investment Advisors LLC Trims Stock Position in Jack In The Box Inc. $JACK

IPG Investment Advisors LLC cut its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 431,001 shares of the restaurant operator’s stock after selling 222,175 shares during the period. Jack In The Box makes up 1.4% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 14th biggest holding. IPG Investment Advisors LLC’s holdings in Jack In The Box were worth $8,167,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 698 shares during the last quarter. Allworth Financial LP raised its stake in Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 1,126 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Jack In The Box by 136.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 2,824 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Jack In The Box during the 3rd quarter valued at approximately $111,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Mizuho upped their price objective on Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings raised Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 14th. Piper Sandler increased their target price on Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Royal Bank Of Canada cut their target price on Jack In The Box from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, May 14th. Finally, TD Cowen cut their target price on Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $15.84.

Jack In The Box Price Performance

NASDAQ JACK opened at $11.78 on Thursday. Jack In The Box Inc. has a 1-year low of $8.91 and a 1-year high of $25.34. The company has a market capitalization of $224.64 million, a P/E ratio of 6.37, a PEG ratio of 0.59 and a beta of 1.45. The business has a 50 day moving average price of $11.75 and a 200 day moving average price of $16.36.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The firm had revenue of $254.26 million during the quarter, compared to the consensus estimate of $256.55 million. During the same period last year, the business posted $1.20 EPS. Jack In The Box’s quarterly revenue was down 24.5% on a year-over-year basis. On average, research analysts expect that Jack In The Box Inc. will post 3.44 earnings per share for the current fiscal year.

Jack In The Box 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.