Headlands Technologies LLC Acquires New Shares in Jack In The Box Inc. $JACK

Headlands Technologies LLC acquired a new position in shares of Jack In The Box Inc. (NASDAQ:JACK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 38,740 shares of the restaurant operator’s stock, valued at approximately $612,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 1,126 shares during the period. US Bancorp DE raised its position in shares of Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares during the period. Legal & General Group Plc acquired a new stake in shares of Jack In The Box during the second quarter worth about $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 1,802 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Jack In The Box during the 2nd quarter valued at about $48,000. 99.79% of the stock is currently owned by institutional investors.

Jack In The Box Price Performance

Shares of NASDAQ:JACK opened at $15.86 on Thursday. The company’s 50-day moving average price is $16.21 and its two-hundred day moving average price is $14.12. Jack In The Box Inc. has a one year low of $8.91 and a one year high of $23.86. The stock has a market capitalization of $304.19 million, a PE ratio of 9.17, a price-to-earnings-growth ratio of 0.93 and a beta of 1.38.

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

Analyst Upgrades and Downgrades

JACK has been the subject of a number of research reports. The Goldman Sachs Group lowered their target price on Jack In The Box from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, May 15th. Oppenheimer cut their price target on shares of Jack In The Box from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Stifel Nicolaus lifted their price target on shares of Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Mizuho increased their price objective on shares of Jack In The Box from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $16.00 price objective on shares of Jack In The Box in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.22.

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.