Oppenheimer Asset Management Inc. decreased its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 22.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,085 shares of the restaurant operator’s stock after selling 601 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Jack In The Box were worth $205,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Jack In The Box by 20,582.3% during the 1st quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock valued at $333,074,000 after acquiring an additional 3,258,594 shares during the last quarter. FMR LLC increased its holdings in shares of Jack In The Box by 72.6% during the 1st quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock valued at $130,542,000 after acquiring an additional 539,805 shares during the last quarter. State Street Corp increased its holdings in shares of Jack In The Box by 2.0% during the 1st quarter. State Street Corp now owns 1,060,981 shares of the restaurant operator’s stock valued at $107,920,000 after acquiring an additional 20,786 shares during the last quarter. Credit Suisse AG increased its holdings in shares of Jack In The Box by 514.2% during the 1st quarter. Credit Suisse AG now owns 943,680 shares of the restaurant operator’s stock valued at $95,990,000 after acquiring an additional 790,044 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Jack In The Box by 2.3% during the 1st quarter. AQR Capital Management LLC now owns 555,430 shares of the restaurant operator’s stock valued at $56,498,000 after acquiring an additional 12,645 shares during the last quarter. 94.94% of the stock is currently owned by institutional investors and hedge funds.

JACK has been the topic of a number of analyst reports. Jefferies Group LLC reissued a “buy” rating and set a $120.00 price objective on shares of Jack In The Box in a report on Thursday, July 27th. Zacks Investment Research raised Jack In The Box from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Wells Fargo & Company reissued an “outperform” rating and set a $125.00 price objective on shares of Jack In The Box in a report on Thursday, August 3rd. BidaskClub lowered Jack In The Box from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $118.00 target price (down previously from $120.00) on shares of Jack In The Box in a report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $114.85.

Shares of Jack In The Box Inc. (JACK) opened at 97.34 on Friday. Jack In The Box Inc. has a 12 month low of $90.89 and a 12 month high of $113.30. The firm has a 50 day moving average price of $95.12 and a 200-day moving average price of $99.36. The company has a market cap of $2.86 billion, a P/E ratio of 22.46 and a beta of 0.59.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.06). Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $360.84 million. During the same period in the previous year, the company posted $1.07 EPS. Jack In The Box’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts anticipate that Jack In The Box Inc. will post $4.05 earnings per share for the current fiscal year.

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

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Jack In The Box 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.

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

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