Bessemer Group Inc. raised its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 14,000 shares of the restaurant operator’s stock after buying an additional 390 shares during the period. Bessemer Group Inc.’s holdings in Jack In The Box were worth $1,379,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. FNY Managed Accounts LLC acquired a new stake in shares of Jack In The Box during the first quarter valued at $108,000. Glen Harbor Capital Management LLC increased its stake in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 16 shares in the last quarter. Tyers Asset Management LLC increased its stake in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 22 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 28 shares in the last quarter. Finally, HL Financial Services LLC increased its stake in shares of Jack In The Box by 4.7% in the first quarter. HL Financial Services LLC now owns 2,250 shares of the restaurant operator’s stock valued at $229,000 after buying an additional 100 shares in the last quarter. Institutional investors own 93.90% of the company’s stock.

Jack In The Box Inc. (NASDAQ:JACK) opened at 97.05 on Friday. The company’s 50 day moving average is $95.67 and its 200-day moving average is $101.16. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 22.39 and a beta of 0.57. Jack In The Box Inc. has a 1-year low of $91.02 and a 1-year high of $113.30.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The company had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. During the same quarter in the previous year, the company posted $1.07 earnings per share. Jack In The Box’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, analysts predict that Jack In The Box Inc. will post $4.11 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. Jack In The Box’s payout ratio is 36.70%.

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Several brokerages have recently weighed in on JACK. Wells Fargo & Company restated an “outperform” rating and set a $120.00 target price on shares of Jack In The Box in a research note on Thursday. BidaskClub raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Jack In The Box in a research report on Thursday. Wedbush reaffirmed a “buy” rating on shares of Jack In The Box in a research report on Friday. Finally, Cowen and Company reaffirmed a “neutral” rating and set a $99.00 price target (down previously from $105.00) on shares of Jack In The Box in a research report on Friday. One 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. The company has an average rating of “Buy” and a consensus target price of $114.85.

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 shares were 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 directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.10% of the company’s stock.

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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