Jack In The Box Inc. $JACK Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC lowered its stake in Jack In The Box Inc. (NASDAQ:JACK) by 12.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 469,300 shares of the restaurant operator’s stock after selling 66,996 shares during the period. Jack In The Box makes up about 1.1% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 24th largest holding. IPG Investment Advisors LLC owned approximately 2.45% of Jack In The Box worth $7,420,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 1,126 shares during the period. US Bancorp DE increased its stake in Jack In The Box by 96.7% in the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares in the last quarter. Legal & General Group Plc acquired a new stake in Jack In The Box during the 2nd quarter worth about $30,000. Northwestern Mutual Wealth Management Co. lifted its stake in Jack In The Box by 3,604.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 1,802 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in Jack In The Box during the second quarter valued at about $48,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack In The Box Trading Down 2.5%

Jack In The Box stock opened at $14.78 on Thursday. The company has a market capitalization of $283.48 million, a P/E ratio of 8.54, a P/E/G ratio of 0.91 and a beta of 1.38. The firm’s fifty day simple moving average is $16.23 and its 200-day simple moving average is $13.94. Jack In The Box Inc. has a 1-year low of $8.91 and a 1-year high of $23.86.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The company had revenue of $257.66 million for the quarter, compared to the consensus estimate of $264.60 million. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.02 earnings per share. On average, equities research analysts predict that Jack In The Box Inc. will post 3.14 earnings per share for the current year.

Analyst Ratings Changes

JACK has been the subject of several research analyst reports. Royal Bank Of Canada upped their price target on shares of Jack In The Box from $16.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Wall Street Zen upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $16.00 target price on shares of Jack In The Box in a research report on Thursday, August 13th. UBS Group upped their price target on Jack In The Box from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Finally, The Goldman Sachs Group decreased their price objective on Jack In The Box from $17.00 to $12.00 and set a “sell” rating for the company in a research report on Friday, May 15th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $17.22.

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.