Quantinno Capital Management LP Has $780,000 Stock Holdings in Jack In The Box Inc. $JACK

Quantinno Capital Management LP raised its stake in Jack In The Box Inc. (NASDAQ:JACKFree Report) by 112.8% in the first quarter, Holdings Channel reports. The firm owned 80,678 shares of the restaurant operator’s stock after acquiring an additional 42,763 shares during the quarter. Quantinno Capital Management LP’s holdings in Jack In The Box were worth $780,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JACK. Marshall Wace LLP boosted its holdings in shares of Jack In The Box by 192.9% in the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after buying an additional 490,071 shares during the last quarter. Windward Management LP acquired a new position in Jack In The Box during the fourth quarter worth $7,394,000. Janus Henderson Group PLC bought a new stake in Jack In The Box during the fourth quarter worth $5,591,000. Nantahala Capital Management LLC lifted its stake in Jack In The Box by 44.3% in the fourth quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock valued at $16,411,000 after acquiring an additional 265,990 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in Jack In The Box in the fourth quarter valued at $4,268,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JACK. Sanford C. Bernstein set a $15.00 price objective on shares of Jack In The Box in a research note on Thursday, May 14th. Jefferies Financial Group set a $12.50 price target on Jack In The Box in a report on Thursday, May 14th. Guggenheim downgraded Jack In The Box from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Morgan Stanley dropped their price objective on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, Mizuho raised their price objective on Jack In The Box from $13.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.22.

Get Our Latest Report on Jack In The Box

Insider Activity at Jack In The Box

In other news, Director Guillermo Diaz, Jr. bought 5,962 shares of the stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the completion of the purchase, the director owned 20,692 shares in the company, valued at approximately $238,164.92. This trade represents a 40.48% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Jack In The Box Stock Performance

Shares of JACK opened at $17.10 on Tuesday. Jack In The Box Inc. has a 52 week low of $8.91 and a 52 week high of $23.86. The firm has a market cap of $326.10 million, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38. The firm’s 50-day simple moving average is $15.24 and its 200 day simple moving average is $14.51.

Jack In The Box (NASDAQ:JACKGet Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The firm had revenue of $257.66 million during the quarter, compared to the consensus estimate of $264.60 million. During the same period last year, the business posted $1.02 earnings per share. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, equities analysts forecast that Jack In The Box Inc. will post 3.22 earnings per share for the current year.

Jack In The Box Company Profile

(Free Report)

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.

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Institutional Ownership by Quarter for Jack In The Box (NASDAQ:JACK)

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