Gotham Asset Management LLC boosted its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 360.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 225,779 shares of the restaurant operator’s stock after buying an additional 176,762 shares during the period. Gotham Asset Management LLC owned 0.71% of Jack In The Box worth $22,966,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in 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 worth $333,074,000 after buying an additional 3,258,594 shares during the last quarter. FMR LLC increased its position in Jack In The Box by 72.6% in the first quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock valued at $130,542,000 after buying an additional 539,805 shares in the last quarter. Shelton Capital Management bought a new position in Jack In The Box during the fourth quarter valued at approximately $275,000. Janus Capital Management LLC bought a new position in Jack In The Box during the fourth quarter valued at approximately $31,923,000. Finally, Norges Bank bought a new position in Jack In The Box during the fourth quarter valued at approximately $27,406,000. Institutional investors and hedge funds own 94.19% of the company’s stock.
Shares of Jack In The Box Inc. (NASDAQ JACK) traded up 0.07% during mid-day trading on Friday, hitting $106.35. The stock had a trading volume of 837,720 shares. Jack In The Box Inc. has a 52-week low of $81.79 and a 52-week high of $113.30. The stock has a market cap of $3.13 billion, a P/E ratio of 26.28 and a beta of 0.59. The company’s 50 day moving average is $104.77 and its 200-day moving average is $104.67.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. The firm had revenue of $369.40 million for the quarter, compared to the consensus estimate of $369.36 million. During the same period last year, the firm earned $0.85 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Jack In The Box Inc. will post $4.20 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 12th. Stockholders of record on Tuesday, May 30th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. Jack In The Box’s dividend payout ratio is presently 39.51%.
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Several research analysts have recently commented on JACK shares. Robert W. Baird reiterated an “outperform” rating on shares of Jack In The Box in a report on Thursday, February 16th. Zacks Investment Research upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $122.00 price objective on the stock in a report on Monday, February 20th. Wells Fargo & Company reiterated a “market perform” rating on shares of Jack In The Box in a report on Thursday, February 23rd. They noted that the move was a valuation call. Cowen and Company set a $125.00 price objective on Jack In The Box and gave the stock a “buy” rating in a report on Wednesday, February 22nd. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Jack In The Box in a report on Friday, February 24th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $115.00.
In other news, EVP Phillip H. Rudolph sold 6,908 shares of the stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the transaction, the executive vice president now directly owns 99,261 shares in the company, valued at $10,287,410.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.10% of the stock is currently owned by company insiders.
About Jack In The Box
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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