Trading Report: The UBS Asset Management Americas Inc. Boosts Stake in Jack In The Box Inc. (JACK)

The UBS Asset Management Americas Inc. Boosts Stake in Jack In The Box Inc. (JACK)

UBS Asset Management Americas Inc. increased its stake in Jack In The Box Inc. (NASDAQ:JACK) by 22.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,534 shares of the company’s stock after buying an additional 4,598 shares during the period. UBS Asset Management Americas Inc. owned about 0.08% of Jack In The Box worth $2,194,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in JACK. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Jack In The Box by 1.6% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 63,922 shares of the company’s stock valued at $4,083,000 after buying an additional 1,015 shares in the last quarter. Menta Capital LLC bought a new stake in shares of Jack In The Box during the first quarter valued at approximately $441,000. AXA raised its stake in shares of Jack In The Box by 2,880.0% in the first quarter. AXA now owns 89,400 shares of the company’s stock valued at $5,710,000 after buying an additional 86,400 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Jack In The Box by 51.6% in the first quarter. Renaissance Technologies LLC now owns 199,300 shares of the company’s stock valued at $12,729,000 after buying an additional 67,800 shares in the last quarter. Finally, Springbok Capital Management LLC bought a new stake in shares of Jack In The Box during the first quarter valued at approximately $607,000. 98.56% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jack In The Box Inc. (NASDAQ:JACK) traded up 1.00% during midday trading on Friday, hitting $94.75. 535,301 shares of the stock were exchanged. The firm has a 50-day moving average of $98.19 and a 200-day moving average of $84.42. Jack In The Box Inc. has a 1-year low of $61.78 and a 1-year high of $102.68. The company has a market capitalization of $3.10 billion, a P/E ratio of 28.82 and a beta of 0.41.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. The company had revenue of $368.94 million for the quarter, compared to the consensus estimate 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 firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. On average, equities analysts expect that Jack In The Box Inc. will post $3.73 EPS for the current year.

JACK has been the topic of several research reports. Robert W. Baird reaffirmed an “outperform” rating and issued a $105.00 price objective on shares of Jack In The Box in a research report on Thursday, June 23rd. Wedbush lowered their price target on shares of Jack In The Box from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, June 23rd. Vetr raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $87.97 price target on the stock in a research report on Monday, June 27th. Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Tuesday, June 28th. Finally, Telsey Advisory Group lowered their price target on shares of Jack In The Box from $105.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Jack In The Box currently has an average rating of “Buy” and an average price target of $101.53.

In related news, EVP Phillip H. Rudolph sold 8,505 shares of the firm’s stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $98.00, for a total value of $833,490.00. Following the transaction, the executive vice president now owns 88,196 shares of the company’s stock, valued at $8,643,208. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Carol A. Diraimo sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the transaction, 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. 2.00% of the stock is currently owned by corporate 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.

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