Public Employees Retirement System of Ohio cut its position in Jack In The Box Inc. (NASDAQ:JACK) by 78.4% during the first quarter, Holdings Channel reports. The firm owned 2,158 shares of the restaurant operator’s stock after selling 7,853 shares during the period. Public Employees Retirement System of Ohio’s holdings in Jack In The Box were worth $220,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new stake in Jack In The Box during the first quarter worth $108,000. Janus Capital Management LLC raised its stake in Jack In The Box by 75.6% in the first quarter. Janus Capital Management LLC now owns 502,178 shares of the restaurant operator’s stock worth $51,082,000 after buying an additional 216,234 shares during the period. Credit Suisse AG raised its stake in Jack In The Box by 514.2% in the first quarter. Credit Suisse AG now owns 943,680 shares of the restaurant operator’s stock worth $95,990,000 after buying an additional 790,044 shares during the period. AQR Capital Management LLC raised its stake in Jack In The Box by 2.3% in the first quarter. AQR Capital Management LLC now owns 555,430 shares of the restaurant operator’s stock worth $56,498,000 after buying an additional 12,645 shares during the period. Finally, Scopus Asset Management L.P. acquired a new stake in Jack In The Box during the first quarter worth $8,646,000. 93.90% of the stock is owned by institutional investors.

Shares of Jack In The Box Inc. (NASDAQ:JACK) traded down 0.40% during trading on Wednesday, hitting $94.46. 410,983 shares of the company traded hands. The stock has a market capitalization of $2.78 billion, a PE ratio of 23.34 and a beta of 0.57. Jack In The Box Inc. has a 52-week low of $91.02 and a 52-week high of $113.30. The company has a 50-day moving average of $97.06 and a 200-day moving average of $101.60.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, May 16th. The restaurant operator reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The business had revenue of $369.40 million during the quarter, compared to the consensus estimate of $369.36 million. During the same period in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities analysts expect that Jack In The Box Inc. will post $4.16 EPS for the current year.

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A number of research firms recently weighed in on JACK. BidaskClub raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lowered their price objective on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Jack In The Box in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Jack In The Box in a research note on Thursday, July 27th. Finally, Zacks Investment Research raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $116.23.

In related news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now owns 99,261 shares in the company, valued at $10,287,410.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Jack In The Box (NASDAQ:JACK)

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