Cubist Systematic Strategies LLC Lowers Stake in Jack in the Box Inc. (JACK)

Cubist Systematic Strategies LLC lessened its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 89.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,500 shares of the restaurant operator’s stock after selling 22,353 shares during the period. Cubist Systematic Strategies LLC’s holdings in Jack in the Box were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its position in shares of Jack in the Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after purchasing an additional 321,825 shares during the period. Bain Capital Public Equity Management LLC purchased a new stake in shares of Jack in the Box in the 2nd quarter worth approximately $54,752,000. Clinton Group Inc. raised its stake in shares of Jack in the Box by 51.1% during the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after acquiring an additional 6,617 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Jack in the Box during the 2nd quarter worth approximately $9,850,000. Finally, Ameriprise Financial Inc. raised its stake in shares of Jack in the Box by 57.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 137,738 shares of the restaurant operator’s stock worth $13,568,000 after acquiring an additional 50,287 shares in the last quarter. 98.71% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Inc. (NASDAQ JACK) opened at $98.40 on Monday. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. Jack in the Box Inc. has a 52 week low of $90.89 and a 52 week high of $113.00. The stock has a market cap of $2,896.21, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $341.34 million. During the same quarter in the previous year, the company posted $1.03 EPS. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. equities research analysts expect that Jack in the Box Inc. will post 4.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.63%. Jack in the Box’s payout ratio is 36.36%.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the transaction, the insider now owns 10,979 shares in the company, valued at approximately $1,127,653.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Paul D. Melancon sold 461 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total transaction of $45,998.58. Following the transaction, the senior vice president now owns 5,370 shares in the company, valued at approximately $535,818.60. The disclosure for this sale can be found here. Insiders have sold a total of 26,201 shares of company stock worth $2,641,365 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

Several research firms recently commented on JACK. Zacks Investment Research lowered shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. 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, December 1st. Wedbush lowered shares of Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $115.00 to $104.00 in a research note on Monday, November 20th. Wells Fargo & Co reduced their price objective on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a research note on Wednesday, November 15th. Finally, Oppenheimer reiterated a “buy” rating on shares of Jack in the Box in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $111.38.

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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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