Emerald Mutual Fund Advisers Trust trimmed its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 24.8% during the third quarter, according to its most recent Form 13F filing with the Securities Exchange Commission. The institutional investor owned 98,767 shares of the restaurant operator’s stock after selling 32,560 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 0.34% of Jack In The Box worth $10,066,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in JACK. BlackRock Inc. raised its stake in shares of Jack In The Box by 20,582.3% in the first quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock valued at $333,074,000 after acquiring an additional 3,258,594 shares in the last quarter. Koch Industries Inc. acquired a new stake in Jack In The Box in the second quarter valued at $568,000. Bain Capital Public Equity Management LLC acquired a new stake in Jack In The Box in the second quarter valued at $54,752,000. Janus Henderson Group PLC acquired a new stake in Jack In The Box in the second quarter valued at $53,737,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in Jack In The Box in the second quarter valued at $52,047,000. Institutional investors and hedge funds own 96.90% of the company’s stock.
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Shares of Jack In The Box Inc. (NASDAQ:JACK) traded up $0.59 during trading on Friday, reaching $105.03. 442,265 shares of the company were exchanged, compared to its average volume of 489,524. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of -2.56. Jack In The Box Inc. has a 12-month low of $90.89 and a 12-month high of $113.30. The stock has a market cap of $3,090.00, a PE ratio of 24.90, a price-to-earnings-growth ratio of 1.58 and a beta of 0.52.
In other news, insider Frances L. Allen sold 530 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the sale, 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 SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by corporate insiders.
A number of brokerages have weighed in on JACK. Jefferies Group LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Jack In The Box in a report on Thursday, July 27th. BidaskClub upgraded shares of Jack In The Box from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Wells Fargo Company reiterated an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a research report on Thursday, August 3rd. Robert W. Baird reduced their price target on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a research report on Tuesday, August 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Jack In The Box in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $113.15.
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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