The Palisade Capital Management LLC NJ Sold shares of Jack In The Box Inc. (JACK)

The Palisade Capital Management LLC NJ Sold shares of Jack In The Box Inc. (JACK)

Palisade Capital Management LLC NJ decreased its position in Jack In The Box Inc. (NASDAQ:JACK) by 62.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,801 shares of the company’s stock after selling 68,547 shares during the period. Palisade Capital Management LLC NJ’s holdings in Jack In The Box were worth $3,592,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Adams Diversified Equity Fund Inc. bought a new position in shares of Jack In The Box during the second quarter worth $473,000. Suvretta Capital Management LLC bought a new position in shares of Jack In The Box during the first quarter worth $30,683,000. Falcon Point Capital LLC increased its position 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 worth $12,659,000 after buying an additional 2,315 shares during the period. Mount Lucas Management LP increased its position 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 worth $205,000 after buying an additional 312 shares during the period. Finally, Kornitzer Capital Management Inc. KS bought a new position in shares of Jack In The Box during the second quarter worth $258,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

Jack In The Box Inc. (NASDAQ:JACK) traded up 1.28% on Friday, hitting $94.22. 277,418 shares of the company traded hands. The firm has a market capitalization of $3079.02 billion, a PE ratio of 27.96 and a beta of 0.41. 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 1-year low of $61.78 and a 1-year high of $102.68.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 negative return on equity of 120.29% and a net margin of 7.41%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. Equities research analysts predict that Jack In The Box Inc. will post $3.73 EPS for the current fiscal year.

A number of equities analysts recently weighed in on JACK shares. Bank of America Corp. reissued a “buy” rating and issued a $108.00 price target on shares of Jack In The Box in a report on Tuesday, September 27th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $115.00 price objective (up from $105.00) on shares of Jack In The Box in a research note on Monday, September 26th. Robert W. Baird restated an “outperform” rating and issued a $120.00 price objective on shares of Jack In The Box in a research note on Sunday, September 25th. Zacks Investment Research cut Jack In The Box from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 17th. Finally, Wedbush restated an “outperform” rating and issued a $115.00 price objective on shares of Jack In The Box in a research note on Saturday, October 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $100.83.

In other Jack In The Box news, Director David Goebel sold 1,480 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $101.46, for a total value of $150,160.80. Following the transaction, the director now directly owns 23,377 shares of the company’s stock, valued at $2,371,830.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith M. Guilbault sold 1,925 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $96.59, for a total value of $185,935.75. Following the completion of the transaction, the insider now directly owns 16,521 shares in the company, valued at $1,595,763.39. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Jack In The Box Company Profile

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.

Related posts

Leave a Comment