Today, Jack In The Box Inc. (JACK) Position Boosted by Nordea Investment Management AB

Today, Jack In The Box Inc. (JACK) Position Boosted by Nordea Investment Management AB
Nordea Investment Management AB increased its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 69.8% during the third quarter, Holdings Channel reports. The institutional investor owned 12,223 shares of the company’s stock after buying an additional 5,024 shares during the period. Nordea Investment Management AB’s holdings in Jack In The Box were worth $1,173,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of JACK. Hsbc Holdings PLC boosted its stake in Jack In The Box by 0.6% in the second quarter. Hsbc Holdings PLC now owns 3,873 shares of the company’s stock valued at $332,000 after buying an additional 25 shares in the last quarter. Suntrust Banks Inc. boosted its stake in shares of Jack In The Box by 0.7% in the second quarter. Suntrust Banks Inc. now owns 12,089 shares of the company’s stock worth $1,038,000 after buying an additional 79 shares during the period. Mutual of America Capital Management LLC boosted its stake in shares of Jack In The Box by 0.4% in the second quarter. Mutual of America Capital Management LLC now owns 23,628 shares of the company’s stock worth $2,030,000 after buying an additional 93 shares during the period. Strs Ohio boosted its stake in shares of Jack In The Box by 2.2% in the third quarter. Strs Ohio now owns 4,700 shares of the company’s stock worth $450,000 after buying an additional 100 shares during the period. Finally, Amalgamated Bank boosted its stake in shares of Jack In The Box by 4.0% in the second quarter. Amalgamated Bank now owns 3,962 shares of the company’s stock worth $393,000 after buying an additional 153 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Jack In The Box Inc. (NASDAQ:JACK) traded up 0.02% during trading on Friday, hitting $107.65. 291,522 shares of the stock traded hands. The stock has a market cap of $3.52 billion, a P/E ratio of 29.61 and a beta of 0.50. The firm’s 50-day moving average is $97.59 and its 200 day moving average is $91.94. Jack In The Box Inc. has a 52 week low of $61.78 and a 52 week high of $109.40.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.15. The company earned $398.42 million during the quarter, compared to analysts’ expectations of $398.67 million. Jack In The Box had a negative return on equity of 94.78% and a net margin of 7.76%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. Equities research analysts forecast that Jack In The Box Inc. will post $3.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, December 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 1st. This is a boost from Jack In The Box’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.49%. Jack In The Box’s dividend payout ratio (DPR) is presently 32.97%.

JACK has been the topic of a number of research reports. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $97.00 target price on shares of Jack In The Box in a report on Tuesday, August 2nd. Wells Fargo & Co. reissued an “outperform” rating and set a $90.50 target price (up from $82.50) on shares of Jack In The Box in a report on Thursday, August 4th. Wedbush reissued an “outperform” rating and set a $115.00 target price (up from $110.00) on shares of Jack In The Box in a report on Thursday, August 4th. Barclays PLC increased their target price on shares of Jack In The Box from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $109.00 target price on the stock in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $102.23.

In related news, CEO Leonard A. Comma sold 67,572 shares of Jack In The Box stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $96.68, for a total value of $6,532,860.96. Following the completion of the transaction, the chief executive officer now directly owns 164,710 shares of the company’s stock, valued at $15,924,162.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Phillip H. Rudolph sold 8,505 shares of Jack In The Box stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $98.00, for a total value of $833,490.00. Following the completion of the transaction, the executive vice president now directly owns 88,196 shares of the company’s stock, valued at $8,643,208. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

About Jack In The Box

Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

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