Emerald Mutual Fund Advisers Trust Has $10.07 Million Stake in Jack In The Box Inc. (JACK)

Emerald Mutual Fund Advisers Trust trimmed its position in Jack In The Box Inc. (NASDAQ:JACK) by 24.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,767 shares of the restaurant operator’s stock after selling 32,560 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.34% of Jack In The Box worth $10,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of JACK. UBS Asset Management Americas Inc. lifted its stake in shares of Jack In The Box by 13.0% in the first quarter. UBS Asset Management Americas Inc. now owns 16,667 shares of the restaurant operator’s stock worth $1,695,000 after buying an additional 1,919 shares during the last quarter. Teachers Advisors LLC raised its stake in Jack In The Box by 3.7% during the 1st quarter. Teachers Advisors LLC now owns 57,070 shares of the restaurant operator’s stock valued at $5,805,000 after purchasing an additional 2,044 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Jack In The Box by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,948 shares of the restaurant operator’s stock valued at $299,000 after purchasing an additional 170 shares during the last quarter. Legal & General Group Plc raised its stake in Jack In The Box by 22.8% during the 1st quarter. Legal & General Group Plc now owns 20,227 shares of the restaurant operator’s stock valued at $2,058,000 after purchasing an additional 3,762 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in Jack In The Box by 4.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 10,890 shares of the restaurant operator’s stock valued at $1,108,000 after purchasing an additional 420 shares during the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

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Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.06). The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS.

JACK has been the subject of several research analyst reports. Jefferies Group LLC reiterated a “buy” rating and set a $120.00 target price on shares of Jack In The Box in a research note on Thursday, July 27th. Zacks Investment Research upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company reiterated an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a research note on Thursday, August 3rd. BidaskClub cut shares of Jack In The Box from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Finally, Wedbush reiterated a “buy” rating and set a $115.00 target price on shares of Jack In The Box in a research note on Friday, October 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $113.38.

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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