First Trust Advisors LP Has $2.03 Million Position in Jack In The Box Inc. (JACK)

First Trust Advisors LP reduced its holdings in Jack In The Box Inc. (NASDAQ:JACK) by 34.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,566 shares of the restaurant operator’s stock after selling 10,625 shares during the quarter. First Trust Advisors LP owned approximately 0.07% of Jack In The Box worth $2,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in JACK. FNY Managed Accounts LLC acquired a new position in Jack In The Box in the first quarter valued at $108,000. Glen Harbor Capital Management LLC increased its stake in Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 16 shares during the last quarter. Tyers Asset Management LLC increased its stake in Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 22 shares during the last quarter. Flinton Capital Management LLC increased its stake in Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $205,000 after purchasing an additional 28 shares during the last quarter. Finally, Creative Planning increased its stake in Jack In The Box by 27.9% in the second quarter. Creative Planning now owns 2,290 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Several equities analysts recently commented on JACK shares. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a research note on Thursday, July 27th. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company reissued an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a research report on Thursday, August 3rd. Bank of America Corporation reissued a “buy” rating and set a $118.00 price target (down previously from $120.00) on shares of Jack In The Box in a research report on Tuesday, June 13th. Finally, BidaskClub downgraded Jack In The Box from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. Jack In The Box has an average rating of “Buy” and a consensus price target of $114.85.

Shares of Jack In The Box Inc. (JACK) opened at 93.76 on Tuesday. Jack In The Box Inc. has a 12 month low of $90.89 and a 12 month high of $113.30. The stock has a 50 day moving average price of $94.65 and a 200 day moving average price of $99.31. The stock has a market cap of $2.76 billion, a P/E ratio of 21.63 and a beta of 0.59.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.06. Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The company had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same quarter last year, the business earned $1.07 earnings per share. Jack In The Box’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that Jack In The Box Inc. will post $4.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd were issued 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 1.71%. Jack In The Box’s dividend payout ratio (DPR) is currently 36.70%.

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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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