Jack In The Box Inc. (JACK) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its stake in Jack In The Box Inc. (NASDAQ:JACK) by 12.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,084 shares of the restaurant operator’s stock after selling 8,301 shares during the quarter. California State Teachers Retirement System owned 0.19% of Jack In The Box worth $5,524,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Bank of Nova Scotia bought a new stake in shares of Jack In The Box in the second quarter worth approximately $9,850,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Jack In The Box by 6.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 145,726 shares of the restaurant operator’s stock worth $14,354,000 after acquiring an additional 9,215 shares during the period. Caxton Associates LP grew its stake in shares of Jack In The Box by 150.0% in the second quarter. Caxton Associates LP now owns 25,000 shares of the restaurant operator’s stock worth $2,463,000 after acquiring an additional 15,000 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Jack In The Box in the second quarter worth approximately $2,448,000. Finally, Sciencast Management LP grew its stake in shares of Jack In The Box by 281.2% in the second quarter. Sciencast Management LP now owns 7,517 shares of the restaurant operator’s stock worth $740,000 after acquiring an additional 5,545 shares during the period. Hedge funds and other institutional investors own 96.09% of the company’s stock.

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A number of analysts have recently commented on the stock. Wedbush reiterated a “buy” rating on shares of Jack In The Box in a research note on Friday, August 11th. Robert W. Baird dropped their price objective on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Barclays PLC dropped their price objective on shares of Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $125.00 price objective on shares of Jack In The Box in a report on Thursday, August 10th. Finally, TheStreet downgraded shares of Jack In The Box from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $113.38.

Jack In The Box Inc. (NASDAQ:JACK) opened at 103.33 on Tuesday. The stock has a market cap of $3.04 billion, a P/E ratio of 23.84 and a beta of 0.58. The firm’s 50-day moving average is $99.65 and its 200 day moving average is $99.55. Jack In The Box Inc. has a one year low of $90.89 and a one year high of $113.30.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.06). The firm had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. Jack In The Box’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. On average, analysts anticipate that Jack In The Box Inc. will post $4.05 EPS for the current fiscal year.

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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