Jack in the Box Inc. (JACK) Position Trimmed by Comerica Bank

Comerica Bank decreased its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 5.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 103,444 shares of the restaurant operator’s stock after selling 6,128 shares during the quarter. Comerica Bank’s holdings in Jack in the Box were worth $7,901,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JACK. Signition LP bought a new stake in Jack in the Box during the third quarter worth about $205,000. NumerixS Investment Technologies Inc bought a new stake in Jack in the Box during the second quarter worth about $242,000. Stevens Capital Management LP bought a new stake in Jack in the Box during the second quarter worth about $284,000. First Trust Advisors LP lifted its position in Jack in the Box by 27.7% during the second quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock worth $303,000 after purchasing an additional 772 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Jack in the Box during the second quarter worth about $406,000. 95.90% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently commented on JACK shares. Cowen reissued a “hold” rating and issued a $94.00 target price on shares of Jack in the Box in a report on Thursday, August 9th. BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $115.00 to $80.00 in a report on Friday, October 26th. ValuEngine cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Finally, Gordon Haskett started coverage on shares of Jack in the Box in a report on Thursday, October 18th. They issued a “hold” rating and a $84.00 target price for the company. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. Jack in the Box currently has an average rating of “Hold” and an average target price of $99.46.

In related news, Director David Goebel sold 1,849 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $83.58, for a total value of $154,539.42. Following the completion of the transaction, the director now owns 18,396 shares in the company, valued at approximately $1,537,537.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Paul D. Melancon sold 1,125 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $90.00, for a total transaction of $101,250.00. Following the completion of the transaction, the senior vice president now owns 5,002 shares of the company’s stock, valued at approximately $450,180. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

JACK stock opened at $80.21 on Friday. The stock has a market capitalization of $2.19 billion, a PE ratio of 20.67, a P/E/G ratio of 1.29 and a beta of 0.52. Jack in the Box Inc. has a 12 month low of $75.09 and a 12 month high of $108.55.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 8th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $187.98 million during the quarter, compared to analyst estimates of $185.05 million. Jack in the Box had a net margin of 13.10% and a negative return on equity of 26.21%. The firm’s quarterly revenue was down 23.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. On average, equities research analysts forecast that Jack in the Box Inc. will post 3.89 EPS for the current fiscal year.

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About Jack in the Box

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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Want to see what other hedge funds are holding JACK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack in the Box Inc. (NASDAQ:JACK).

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

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