Advisory Research Inc. maintained its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 444,934 shares of the restaurant operator’s stock at the close of the 2nd quarter. Advisory Research Inc. owned approximately 1.51% of Jack In The Box worth $45,258,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of JACK. Airain ltd acquired a new stake in Jack In The Box during the second quarter worth approximately $1,875,000. Schwab Charles Investment Management Inc. grew its stake in Jack In The Box by 8.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 208,306 shares of the restaurant operator’s stock worth $21,189,000 after purchasing an additional 15,955 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Jack In The Box during the first quarter worth approximately $273,000. Bain Capital Public Equity Management LLC acquired a new stake in Jack In The Box during the second quarter worth approximately $54,752,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Jack In The Box during the first quarter worth approximately $313,000. 94.94% of the stock is owned by institutional investors.
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Jack In The Box Inc. (NASDAQ JACK) traded up 1.01% on Friday, hitting $102.02. The stock had a trading volume of 345,793 shares. The stock has a 50 day moving average price of $96.78 and a 200 day moving average price of $99.51. Jack In The Box Inc. has a 1-year low of $90.89 and a 1-year high of $113.30. The company has a market cap of $3.00 billion, a P/E ratio of 23.54 and a beta of 0.58.
Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.06). The company had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $360.84 million. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.07 EPS. On average, equities research analysts expect that Jack In The Box Inc. will post $4.05 EPS for the current fiscal year.
Several equities research analysts recently commented on the company. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 target price on shares of Jack In The Box in a research note on Tuesday, September 19th. Bank of America Corporation reaffirmed a “buy” rating and set a $118.00 target price (down previously from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. BidaskClub cut Jack In The Box from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Wedbush reaffirmed a “buy” rating on shares of Jack In The Box in a research note on Friday, August 11th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $114.15.
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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