Todays Report: The Columbus Circle Investors Acquires 108,136 Shares of Jack In The Box Inc. (JACK)

The Columbus Circle Investors Acquires 108,136  Shares of Jack In The Box Inc. (JACK)

Columbus Circle Investors bought a new stake in shares of Jack In The Box Inc. (NASDAQ:JACK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 108,136 shares of the company’s stock, valued at approximately $9,291,000.

A number of other hedge funds have also made changes to their positions in JACK. Adams Diversified Equity Fund Inc. acquired a new stake in shares of Jack In The Box during the second quarter valued at about $473,000. Suvretta Capital Management LLC acquired a new stake in shares of Jack In The Box during the first quarter valued at about $30,683,000. Falcon Point Capital LLC raised its stake in shares of Jack In The Box by 1.6% in the second quarter. Falcon Point Capital LLC now owns 147,332 shares of the company’s stock valued at $12,659,000 after buying an additional 2,315 shares during the period. Mount Lucas Management LP raised its stake in shares of Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock valued at $205,000 after buying an additional 312 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in shares of Jack In The Box during the second quarter valued at about $258,000. Institutional investors own 98.44% of the company’s stock.

Jack In The Box Inc. (NASDAQ:JACK) traded up 1.28% during midday trading on Friday, reaching $94.22. 277,418 shares of the company were exchanged. The firm’s 50 day moving average price is $96.55 and its 200-day moving average price is $87.58. Jack In The Box Inc. has a 52 week low of $61.78 and a 52 week high of $102.68. The stock has a market capitalization of $3.08 billion, a P/E ratio of 28.66 and a beta of 0.41.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The business had revenue of $368.94 million for the quarter, compared to analysts’ expectations of $367.52 million. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The business’s revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.76 EPS. Equities analysts forecast that Jack In The Box Inc. will post $3.73 EPS for the current fiscal year.

JACK has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Jefferies Group upped their price target on shares of Jack In The Box from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Friday, August 5th. Bank of America Corp. reiterated a “buy” rating and issued a $108.00 price target on shares of Jack In The Box in a research report on Tuesday, September 27th. Finally, Barclays PLC upped their price target on shares of Jack In The Box from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $100.83.

In related news, Director David Goebel sold 1,480 shares of Jack In The Box stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $101.46, for a total value of $150,160.80. Following the sale, the director now owns 23,377 shares of the company’s stock, valued at approximately $2,371,830.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Carol A. Diraimo sold 2,000 shares of Jack In The Box stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the sale, the vice president now directly owns 16,059 shares in the company, valued at approximately $1,605,900. The disclosure for this sale can be found here. 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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