First Mercantile Trust Co. Increases Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

First Mercantile Trust Co. lifted its position in Jack in the Box Inc. (NASDAQ:JACK) by 11.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,269 shares of the restaurant operator’s stock after purchasing an additional 131 shares during the period. First Mercantile Trust Co.’s holdings in Jack in the Box were worth $116,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Chicago Equity Partners LLC lifted its holdings in shares of Jack in the Box by 90.4% in the second quarter. Chicago Equity Partners LLC now owns 64,735 shares of the restaurant operator’s stock worth $5,269,000 after buying an additional 30,735 shares in the last quarter. Natixis purchased a new stake in Jack in the Box in the second quarter valued at approximately $378,000. Campbell & CO Investment Adviser LLC purchased a new stake in Jack in the Box in the second quarter valued at approximately $324,000. Pacer Advisors Inc. purchased a new stake in Jack in the Box in the second quarter valued at approximately $836,000. Finally, Bessemer Group Inc. purchased a new stake in Jack in the Box in the second quarter valued at approximately $2,556,000.

NASDAQ JACK traded down $0.88 on Tuesday, reaching $83.99. 12,193 shares of the company’s stock traded hands, compared to its average volume of 383,577. Jack in the Box Inc. has a 12 month low of $70.77 and a 12 month high of $93.12. The stock has a 50-day simple moving average of $87.40 and a 200 day simple moving average of $83.38. The stock has a market cap of $2.18 billion, a PE ratio of 22.12, a P/E/G ratio of 1.35 and a beta of 0.25.

In other news, VP Carol A. Diraimo sold 1,540 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $90.00, for a total value of $138,600.00. Following the transaction, the vice president now owns 18,538 shares in the company, valued at $1,668,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $92.00, for a total transaction of $276,000.00. Following the completion of the transaction, the chief executive officer now owns 180,552 shares in the company, valued at approximately $16,610,784. The disclosure for this sale can be found here. Insiders have sold 14,540 shares of company stock worth $1,319,460 over the last quarter. Company insiders own 2.30% of the company’s stock.

A number of equities research analysts recently weighed in on JACK shares. Robert W. Baird raised their target price on shares of Jack in the Box from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Goldman Sachs Group started coverage on shares of Jack in the Box in a research note on Monday, July 29th. They issued a “sell” rating and a $69.00 target price on the stock. Wedbush raised 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. Telsey Advisory Group raised their target price on shares of Jack in the Box from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Finally, Wells Fargo & Co raised their target price on shares of Jack in the Box from $102.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company’s stock. Jack in the Box currently has an average rating of “Hold” and a consensus price target of $93.82.

Jack in the Box Company Profile

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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