Windward Management LP Invests $2.88 Billion in Jack In The Box Inc. $JACK

Windward Management LP bought a new stake in shares of Jack In The Box Inc. (NASDAQ:JACK) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 182,404 shares of the restaurant operator’s stock, valued at approximately $2,883,807,000. Jack In The Box accounts for about 0.9% of Windward Management LP’s investment portfolio, making the stock its 7th biggest position.

Other hedge funds have also recently made changes to their positions in the company. Biglari Sardar bought a new stake in Jack In The Box during the 2nd quarter valued at about $3,171,755,000. Biglari Capital CORP. bought a new position in Jack In The Box in the 2nd quarter worth about $26,618,538,000. Manning & Napier Advisors LLC purchased a new position in shares of Jack In The Box during the second quarter worth approximately $5,950,000. Bank of America Corp DE increased its position in shares of Jack In The Box by 21.2% during the first quarter. Bank of America Corp DE now owns 622,779 shares of the restaurant operator’s stock worth $6,022,000 after acquiring an additional 108,865 shares during the period. Finally, Maxi Investments CY Ltd purchased a new position in shares of Jack In The Box during the fourth quarter worth approximately $2,263,000. 99.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on JACK shares. Barclays lowered their price target on Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Wall Street Zen upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Oppenheimer decreased their target price on Jack In The Box from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $16.00 target price on shares of Jack In The Box in a report on Thursday, August 13th. Finally, Sanford C. Bernstein set a $15.00 price target on Jack In The Box in a research report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.22.

Jack In The Box Stock Performance

Shares of JACK opened at $15.90 on Friday. The company has a 50 day moving average price of $15.91 and a 200-day moving average price of $14.25. Jack In The Box Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $23.86. The stock has a market capitalization of $304.96 million, a PE ratio of 9.19, a PEG ratio of 0.98 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.08. The company had revenue of $257.66 million for the quarter, compared to analyst estimates of $264.60 million. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. Jack In The Box’s revenue was down 22.6% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share. Equities research analysts forecast that Jack In The Box Inc. will post 3.14 EPS for the current year.

Jack In The Box Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.