Victory Capital Management Inc. raised its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 58,757.7% during the third quarter, Holdings Channel reports. The fund owned 620,949 shares of the company’s stock after buying an additional 619,894 shares during the period. Victory Capital Management Inc.’s holdings in Jack In The Box were worth $59,573,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Advisory Research Inc. purchased a new stake in Jack In The Box during the second quarter worth $34,541,000. Tiger Legatus Capital Management LLC bought a new position in shares of Jack In The Box during the second quarter worth approximately $18,902,000. Marshall Wace LLP raised its position in shares of Jack In The Box by 1,094.3% in the second quarter. Marshall Wace LLP now owns 153,647 shares of the company’s stock worth $13,202,000 after buying an additional 140,782 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Jack In The Box during the second quarter worth approximately $11,107,000. Finally, Locust Wood Capital Advisers LLC bought a new position in shares of Jack In The Box during the second quarter worth approximately $10,157,000. Institutional investors own 95.36% of the company’s stock.
Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 104.40 on Tuesday. Jack In The Box Inc. has a 52-week low of $61.78 and a 52-week high of $109.40. The stock has a 50 day moving average of $97.88 and a 200 day moving average of $92.52. The stock has a market capitalization of $3.38 billion, a PE ratio of 28.71 and a beta of 0.50.
Jack In The Box (NASDAQ:JACK) last released its earnings results on Monday, November 21st. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.88 by $0.15. Jack In The Box had a net margin of 7.76% and a negative return on equity of 83.17%. The firm had revenue of $398.42 million for the quarter, compared to the consensus estimate of $398.67 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts forecast that Jack In The Box Inc. will post $3.73 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, December 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.52%. 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. Jack In The Box’s payout ratio is currently 32.97%.
A number of equities analysts have recently commented on JACK shares. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $97.00 price target on shares of Jack In The Box in a report on Tuesday, August 2nd. Wells Fargo & Co. reissued an “outperform” rating and issued a $90.50 price target (up previously from $82.50) on shares of Jack In The Box in a report on Thursday, August 4th. Wedbush reissued an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Jack In The Box in a report on Thursday, August 4th. Barclays PLC increased 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 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 price target on the stock in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $102.23.
In related news, CEO Leonard A. Comma sold 67,572 shares of the business’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $96.68, for a total value of $6,532,860.96. Following the sale, the chief executive officer now owns 164,710 shares in the company, valued at $15,924,162.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction 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 sale, the vice president now 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.