Vaughan Nelson Investment Management L.P. Takes Position in Jack In The Box Inc. (JACK)

Vaughan Nelson Investment Management L.P. bought a new stake in Jack In The Box Inc. (NASDAQ:JACK) during the second quarter, according to its most recent filing with the SEC. The fund bought 528,400 shares of the restaurant operator’s stock, valued at approximately $52,047,000. Vaughan Nelson Investment Management L.P. owned approximately 1.80% of Jack In The Box as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Stoneridge Investment Partners LLC acquired a new stake in shares of Jack In The Box during the first quarter worth $765,000. Great West Life Assurance Co. Can boosted its stake in shares of Jack In The Box by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 18,541 shares of the restaurant operator’s stock worth $1,886,000 after buying an additional 372 shares during the period. Kornitzer Capital Management Inc. KS boosted its stake in shares of Jack In The Box by 4.6% in the first quarter. Kornitzer Capital Management Inc. KS now owns 3,400 shares of the restaurant operator’s stock worth $346,000 after buying an additional 150 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Jack In The Box by 185.9% in the first quarter. Canada Pension Plan Investment Board now owns 110,582 shares of the restaurant operator’s stock worth $11,248,000 after buying an additional 71,900 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of Jack In The Box by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 11,300 shares of the restaurant operator’s stock worth $1,149,000 after buying an additional 300 shares in the last quarter. 93.90% of the stock is owned by institutional investors.

Shares of Jack In The Box Inc. (NASDAQ JACK) traded up 1.51% on Friday, hitting $97.05. 1,041,042 shares of the stock traded hands. The firm’s 50 day moving average is $95.67 and its 200 day moving average is $101.16. Jack In The Box Inc. has a 52 week low of $91.02 and a 52 week high of $113.30. The firm has a market capitalization of $2.86 billion, a PE ratio of 22.39 and a beta of 0.57.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $360.84 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, analysts expect that Jack In The Box Inc. will post $4.11 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be paid a $0.40 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.60 annualized dividend and a yield of 1.65%. Jack In The Box’s payout ratio is 36.70%.

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JACK has been the topic of a number of recent analyst reports. TheStreet upgraded shares of Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. BidaskClub lowered shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $125.00 target price on shares of Jack In The Box in a research report on Friday, May 12th. Wells Fargo & Company restated a “market perform” rating on shares of Jack In The Box in a research report on Sunday, May 14th. Finally, Zacks Investment Research upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a research report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $114.85.

In related news, EVP Phillip H. Rudolph sold 6,908 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $103.64, for a total value of $715,945.12. Following the sale, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is owned by corporate insiders.

About Jack In The Box

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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