Kepos Capital LP Purchases New Holdings in Jack in the Box Inc. (JACK)

Kepos Capital LP bought a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 76,264 shares of the restaurant operator’s stock, valued at approximately $6,393,000. Kepos Capital LP owned approximately 0.28% of Jack in the Box at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JACK. Principal Financial Group Inc. grew its holdings in Jack in the Box by 2.8% in the first quarter. Principal Financial Group Inc. now owns 128,091 shares of the restaurant operator’s stock worth $10,930,000 after purchasing an additional 3,531 shares during the period. Aperio Group LLC grew its holdings in Jack in the Box by 95.0% in the second quarter. Aperio Group LLC now owns 18,576 shares of the restaurant operator’s stock worth $1,581,000 after purchasing an additional 9,050 shares during the period. TD Asset Management Inc. grew its holdings in Jack in the Box by 37.7% in the second quarter. TD Asset Management Inc. now owns 13,400 shares of the restaurant operator’s stock worth $1,141,000 after purchasing an additional 3,670 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its holdings in Jack in the Box by 6.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 36,856 shares of the restaurant operator’s stock worth $3,137,000 after purchasing an additional 2,370 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Jack in the Box by 160.3% in the second quarter. Wells Fargo & Company MN now owns 319,918 shares of the restaurant operator’s stock worth $27,231,000 after purchasing an additional 850,593 shares during the period. 97.76% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box stock opened at $88.69 on Friday. Jack in the Box Inc. has a 1-year low of $75.09 and a 1-year high of $108.55. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 23.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). Jack in the Box had a net margin of 13.96% and a negative return on equity of 23.22%. The business had revenue of $177.47 million during the quarter, compared to the consensus estimate of $175.26 million. During the same period last year, the business posted $0.73 earnings per share. The firm’s quarterly revenue was down 23.5% on a year-over-year basis. On average, equities research analysts anticipate that Jack in the Box Inc. will post 4.22 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Wednesday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date is Tuesday, December 4th. Jack in the Box’s payout ratio is currently 42.22%.

In related news, VP Carol A. Diraimo sold 419 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $87.66, for a total transaction of $36,729.54. Following the transaction, the vice president now directly owns 16,491 shares of the company’s stock, valued at $1,445,601.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 11,528 shares of the firm’s stock in a transaction dated Friday, November 30th. The shares were sold at an average price of $87.66, for a total transaction of $1,010,544.48. Following the transaction, the chief executive officer now directly owns 196,397 shares in the company, valued at $17,216,161.02. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock worth $1,347,154 over the last three months. 2.60% of the stock is owned by insiders.

A number of research analysts have weighed in on JACK shares. Cowen reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Jack in the Box in a research note on Friday. Zacks Investment Research lowered shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Monday, November 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Jack in the Box in a research note on Thursday, November 22nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Jack in the Box in a research note on Wednesday, November 21st. Finally, BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Jack in the Box currently has a consensus rating of “Hold” and an average target price of $94.09.

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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. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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

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