Jack in the Box Inc. (JACK) Stake Decreased by Texas Permanent School Fund

Texas Permanent School Fund decreased its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 7.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,890 shares of the restaurant operator’s stock after selling 1,591 shares during the period. Texas Permanent School Fund’s holdings in Jack in the Box were worth $1,951,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jana Partners LLC acquired a new stake in shares of Jack in the Box during the third quarter worth approximately $134,200,000. State Street Corp increased its holdings in shares of Jack in the Box by 0.3% during the second quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock worth $104,850,000 after buying an additional 3,496 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Jack in the Box by 60.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after buying an additional 321,825 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Jack in the Box by 14.2% during the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock worth $63,507,000 after buying an additional 77,557 shares in the last quarter. Finally, Koch Industries Inc. acquired a new stake in shares of Jack in the Box during the second quarter worth approximately $568,000. 99.46% of the stock is owned by institutional investors.

In other Jack in the Box news, CEO Leonard A. Comma sold 9,436 shares of the firm’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 value of $941,524.08. Following the transaction, the chief executive officer now directly owns 181,320 shares of the company’s stock, valued at $18,092,109.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Dean C. Gordon sold 278 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the transaction, the vice president now directly owns 3,924 shares in the company, valued at $401,111.28. The disclosure for this sale can be found here. In the last three months, insiders sold 25,671 shares of company stock valued at $2,586,928. 2.60% of the stock is currently owned by company insiders.

JACK has been the subject of several recent analyst reports. Oppenheimer reaffirmed a “buy” rating and set a $125.00 price objective on shares of Jack in the Box in a report on Monday, November 20th. Wedbush reaffirmed a “buy” rating and set a $115.00 price objective on shares of Jack in the Box in a report on Friday, October 13th. Jefferies Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Jack in the Box in a report on Thursday, October 12th. 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 report on Monday, November 27th. Finally, SunTrust Banks set a $109.00 price objective on shares of Jack in the Box and gave the stock a “buy” rating in a report on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $111.31.

Shares of Jack in the Box Inc. (NASDAQ JACK) opened at $83.36 on Thursday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. The firm has a market cap of $2,496.06, a P/E ratio of 21.78, a P/E/G ratio of 1.56 and a beta of 0.42. Jack in the Box Inc. has a fifty-two week low of $83.09 and a fifty-two week high of $113.00.

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 for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The company had revenue of $338.75 million during the quarter, compared to analyst estimates of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. research analysts expect that Jack in the Box Inc. will post 4.02 EPS for the current year.

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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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