First Trust Advisors LP Reduces Position in Jack in the Box Inc. (JACK)

First Trust Advisors LP lowered its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 55.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,101 shares of the restaurant operator’s stock after selling 11,465 shares during the period. First Trust Advisors LP’s holdings in Jack in the Box were worth $928,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of JACK. Aperio Group LLC raised its holdings in Jack in the Box by 9.6% in the second quarter. Aperio Group LLC now owns 9,287 shares of the restaurant operator’s stock worth $915,000 after buying an additional 813 shares during the last quarter. ING Groep NV purchased a new position in Jack in the Box in the second quarter worth about $352,000. Janney Montgomery Scott LLC raised its holdings in Jack in the Box by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 2,777 shares of the restaurant operator’s stock worth $274,000 after buying an additional 151 shares during the last quarter. Bessemer Group Inc. raised its holdings in Jack in the Box by 2.9% in the second quarter. Bessemer Group Inc. now owns 14,000 shares of the restaurant operator’s stock worth $1,379,000 after buying an additional 390 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Jack in the Box by 15.2% in the second quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock worth $354,000 after buying an additional 475 shares during the last quarter. 99.26% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Inc. (JACK) opened at $106.16 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box Inc. has a twelve month low of $90.89 and a twelve month high of $113.30. The firm has a market cap of $3,096.40, a P/E ratio of 27.11, a PEG ratio of 1.72 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The company had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. During the same period in the previous year, the firm earned $1.03 earnings per share. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. analysts anticipate that Jack in the Box Inc. will post 4.58 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.51%. Jack in the Box’s payout ratio is 36.36%.

In other news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.

Several research analysts have issued reports on JACK shares. Jefferies Group reaffirmed a “buy” rating and issued a $120.00 target price on shares of Jack in the Box in a report on Thursday, August 31st. Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Wedbush reaffirmed a “hold” rating and issued a $104.00 target price on shares of Jack in the Box in a report on Friday, December 1st. Wells Fargo & Company decreased their target price on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Finally, Robert W. Baird set a $115.00 target price on shares of Jack in the Box and gave the stock a “buy” rating in a report on Monday, November 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. Jack in the Box has a consensus rating of “Buy” and a consensus target price of $112.62.

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Jack in the Box Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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