Capital Fund Management S.A. Sells 45,027 Shares of Jack In The Box Inc. (JACK)

Capital Fund Management S.A. trimmed its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 33.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,086 shares of the restaurant operator’s stock after selling 45,027 shares during the period. Capital Fund Management S.A. owned approximately 0.31% of Jack In The Box worth $8,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new stake in shares of Jack In The Box during the 1st quarter worth approximately $108,000. Glen Harbor Capital Management LLC raised its holdings in shares of Jack In The Box by 1.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 16 shares in the last quarter. Tyers Asset Management LLC raised its holdings in shares of Jack In The Box by 1.4% during the 1st quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 22 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Jack In The Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after acquiring an additional 601 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Jack In The Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after acquiring an additional 283 shares in the last quarter. 94.95% of the stock is currently owned by institutional investors and hedge funds.

JACK has been the topic of several recent research reports. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Wells Fargo & Company restated an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a report on Thursday, August 3rd. Bank of America Corporation restated a “buy” rating on shares of Jack In The Box in a report on Tuesday, May 30th. They noted that the move was a valuation call. TheStreet upgraded Jack In The Box from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. Finally, BidaskClub upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $114.85.

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Shares of Jack In The Box Inc. (NASDAQ JACK) traded up 0.82% during midday trading on Friday, reaching $92.24. The company had a trading volume of 917,683 shares. Jack In The Box Inc. has a 52 week low of $90.89 and a 52 week high of $113.30. The company has a market capitalization of $2.71 billion, a P/E ratio of 21.28 and a beta of 0.59. The company’s 50 day moving average price is $94.65 and its 200-day moving average price is $99.38.

Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The company had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. During the same period in the previous year, the firm earned $1.07 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Jack In The Box Inc. will post $4.06 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, August 18th. This represents a $1.60 annualized dividend and a yield of 1.73%. Jack In The Box’s payout ratio is 36.70%.

Jack In The Box Company 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.

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

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