Pacer Advisors Inc. Boosts Holdings in Jack in the Box Inc. (JACK)

Pacer Advisors Inc. lifted its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 21.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,037 shares of the restaurant operator’s stock after buying an additional 709 shares during the quarter. Pacer Advisors Inc.’s holdings in Jack in the Box were worth $411,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JACK. Royal Bank of Canada boosted its stake in Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 during the last quarter. Victory Capital Management Inc. boosted its stake in 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 during the last quarter. FNY Managed Accounts LLC boosted its stake in Jack in the Box by 90.6% during the 2nd quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock worth $199,000 after acquiring an additional 965 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in Jack in the Box by 61.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the restaurant operator’s stock worth $207,000 after acquiring an additional 797 shares during the last quarter. Institutional investors own 99.26% of the company’s stock.

Jack in the Box Inc. (NASDAQ:JACK) opened at $105.20 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. Jack in the Box Inc. has a one year low of $90.89 and a one year high of $113.30. The firm has a market cap of $3,096.40, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The company had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. During the same period in the previous year, the firm posted $1.03 EPS. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. equities research analysts expect that Jack in the Box Inc. will post 4.58 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Friday, December 1st. Jack in the Box’s payout ratio is currently 36.36%.

Several research analysts recently weighed in on the stock. SunTrust Banks set a $109.00 price objective on shares of Jack in the Box and gave the stock a “buy” rating in a research note on Friday. Wedbush reissued a “hold” rating and set a $104.00 price objective on shares of Jack in the Box in a research note on Friday. UBS set a $105.00 price objective on shares of Jack in the Box and gave the stock a “hold” rating in a research note on Thursday. Robert W. Baird set a $115.00 price objective on shares of Jack in the Box and gave the stock a “buy” rating in a research note on Monday, November 27th. Finally, Cowen reissued a “hold” rating and set a $99.00 price objective on shares of Jack in the Box in a research note on Monday, November 27th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $112.62.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of Jack in the Box stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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