Rhumbline Advisers Has $3.07 Million Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Rhumbline Advisers lowered its stake in Jack in the Box Inc. (NASDAQ:JACK) by 0.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 60,275 shares of the restaurant operator’s stock after selling 484 shares during the period. Rhumbline Advisers owned approximately 0.31% of Jack in the Box worth $3,070,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capstone Investment Advisors LLC acquired a new position in shares of Jack in the Box during the 4th quarter worth approximately $1,313,000. GSA Capital Partners LLP grew its position in shares of Jack in the Box by 777.7% during the 4th quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock worth $2,760,000 after purchasing an additional 29,957 shares in the last quarter. Trexquant Investment LP grew its position in shares of Jack in the Box by 840.9% during the 4th quarter. Trexquant Investment LP now owns 129,763 shares of the restaurant operator’s stock worth $10,593,000 after purchasing an additional 115,972 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Jack in the Box by 21.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,073 shares of the restaurant operator’s stock worth $9,387,000 after purchasing an additional 23,770 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Jack in the Box during the 2nd quarter worth approximately $3,311,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on JACK shares. Bank of America decreased their target price on shares of Jack in the Box from $77.00 to $72.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. The Goldman Sachs Group began coverage on shares of Jack in the Box in a report on Thursday, June 13th. They set a “sell” rating and a $55.00 price target for the company. Wedbush cut their price target on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Oppenheimer dropped their price objective on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $69.35.

Insiders Place Their Bets

In other Jack in the Box news, CEO Darin S. Harris sold 598 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total value of $30,880.72. Following the completion of the sale, the chief executive officer now directly owns 90,887 shares in the company, valued at $4,693,404.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares in the company, valued at $642,360.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darin S. Harris sold 598 shares of Jack in the Box stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the transaction, the chief executive officer now owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,348 shares of company stock worth $67,476. 1.60% of the stock is currently owned by company insiders.

Jack in the Box Stock Up 1.7 %

JACK opened at $43.63 on Wednesday. Jack in the Box Inc. has a twelve month low of $40.84 and a twelve month high of $86.20. The company has a fifty day moving average of $51.45 and a 200-day moving average of $56.41. The stock has a market cap of $845.99 million, a PE ratio of 7.68, a price-to-earnings-growth ratio of 0.67 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.14. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company had revenue of $369.17 million during the quarter, compared to analysts’ expectations of $371.81 million. During the same period in the prior year, the company posted $1.45 earnings per share. Jack in the Box’s revenue for the quarter was down 7.0% compared to the same quarter last year. Sell-side analysts anticipate that Jack in the Box Inc. will post 6.22 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Friday, August 30th. Jack in the Box’s payout ratio is 30.99%.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.