Natixis Advisors L.P. Acquires 17,753 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Natixis Advisors L.P. boosted its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 31.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,751 shares of the restaurant operator’s stock after buying an additional 17,753 shares during the quarter. Natixis Advisors L.P. owned about 0.29% of Jack in the Box worth $6,084,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Wells Fargo & Company MN lifted its position in shares of Jack in the Box by 43.3% in the first quarter. Wells Fargo & Company MN now owns 448,922 shares of the restaurant operator’s stock worth $36,390,000 after buying an additional 135,621 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in shares of Jack in the Box by 69.4% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 233,797 shares of the restaurant operator’s stock valued at $19,029,000 after acquiring an additional 95,810 shares in the last quarter. Emerald Advisers LLC raised its stake in shares of Jack in the Box by 50.5% in the 2nd quarter. Emerald Advisers LLC now owns 257,342 shares of the restaurant operator’s stock valued at $20,945,000 after acquiring an additional 86,340 shares in the last quarter. Landscape Capital Management L.L.C. acquired a new stake in Jack in the Box in the 2nd quarter worth approximately $6,176,000. Finally, Prudential Financial Inc. lifted its holdings in Jack in the Box by 207.2% in the 2nd quarter. Prudential Financial Inc. now owns 97,883 shares of the restaurant operator’s stock worth $7,966,000 after purchasing an additional 66,021 shares during the last quarter.

In related news, CEO Leonard A. Comma sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $90.00, for a total transaction of $270,000.00. Following the transaction, the chief executive officer now directly owns 186,522 shares in the company, valued at $16,786,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark H. Blankenship sold 1,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $89.00, for a total value of $89,000.00. Following the transaction, the executive vice president now owns 22,097 shares in the company, valued at $1,966,633. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,080 shares of company stock valued at $3,047,960. 2.30% of the stock is owned by corporate insiders.

JACK has been the topic of several analyst reports. Stifel Nicolaus upgraded Jack in the Box from a “hold” rating to a “buy” rating and increased their price target for the company from $85.00 to $95.00 in a report on Monday, May 20th. ValuEngine raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Credit Suisse Group boosted their price objective on shares of Jack in the Box from $75.00 to $78.00 and gave the stock an “underperform” rating in a research note on Friday, August 9th. Telsey Advisory Group upped their price objective on shares of Jack in the Box from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Finally, Wedbush upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating and raised their target price for the company from $75.00 to $105.00 in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $92.33.

NASDAQ JACK traded down $0.35 during trading on Wednesday, hitting $89.68. The company’s stock had a trading volume of 33,705 shares, compared to its average volume of 481,564. The firm has a 50 day moving average price of $82.72 and a 200 day moving average price of $80.75. The firm has a market cap of $2.30 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.22. Jack in the Box Inc. has a 52 week low of $70.77 and a 52 week high of $90.49.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The firm had revenue of $222.36 million during the quarter, compared to analysts’ expectations of $220.44 million. During the same period in the prior year, the company earned $1.00 EPS. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. As a group, analysts predict that Jack in the Box Inc. will post 4.34 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Friday, August 16th. Jack in the Box’s dividend payout ratio is currently 42.22%.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 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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