Quantinno Capital Management LP Purchases 42,763 Shares of Jack In The Box Inc. $JACK

Quantinno Capital Management LP lifted its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 112.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,678 shares of the restaurant operator’s stock after purchasing an additional 42,763 shares during the quarter. Quantinno Capital Management LP owned 0.42% of Jack In The Box worth $780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JACK. Royal Bank of Canada increased its position in shares of Jack In The Box by 5.9% in the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after buying an additional 671 shares in the last quarter. US Bancorp DE grew its stake in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 698 shares during the period. 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. Russell Investments Group Ltd. increased its holdings in shares of Jack In The Box by 43.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 1,363 shares in the last quarter. Finally, Manning & Napier Advisors LLC increased its holdings in shares of Jack In The Box by 0.4% in the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock worth $3,639,000 after acquiring an additional 1,677 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Mizuho raised their price target on Jack In The Box from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday. Royal Bank Of Canada increased their target price on Jack In The Box from $16.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday. Citigroup raised their target price on shares of Jack In The Box from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday. Morgan Stanley cut their price target on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Jack In The Box in a report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Jack In The Box has a consensus rating of “Hold” and an average price target of $17.22.

Jack In The Box Stock Up 0.4%

NASDAQ:JACK opened at $17.10 on Tuesday. Jack In The Box Inc. has a twelve month low of $8.91 and a twelve month high of $23.86. The business has a 50 day moving average price of $15.24 and a two-hundred day moving average price of $14.51. The company has a market cap of $326.10 million, a P/E ratio of 9.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping 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 net margin of 2.84% and a negative return on equity of 6.33%. The business’s quarterly revenue was down 22.6% on a year-over-year basis. During the same period last year, the business earned $1.02 EPS. As a group, analysts anticipate that Jack In The Box Inc. will post 3.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Jack In The Box news, Director Guillermo Diaz, Jr. bought 5,962 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of $11.51 per share, with a total value of $68,622.62. Following the completion of the transaction, the director owned 20,692 shares in the company, valued at approximately $238,164.92. This trade represents a 40.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

About Jack In The Box

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.