Wells Fargo & Company MN raised its holdings in Jack In The Box Inc. (NASDAQ:JACK) by 215.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,278 shares of the restaurant operator’s stock after acquiring an additional 151,164 shares during the quarter. Wells Fargo & Company MN owned 0.75% of Jack In The Box worth $21,796,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in Jack In The Box by 5.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,777 shares of the restaurant operator’s stock valued at $274,000 after acquiring an additional 151 shares during the last quarter. Northwestern Mutual Investment Management Company LLC lifted its holdings in Jack In The Box by 3.0% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock valued at $483,000 after acquiring an additional 165 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Jack In The Box by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,948 shares of the restaurant operator’s stock valued at $299,000 after acquiring an additional 170 shares during the last quarter. Capstone Asset Management Co. lifted its holdings in Jack In The Box by 4.9% in the 2nd quarter. Capstone Asset Management Co. now owns 4,300 shares of the restaurant operator’s stock valued at $424,000 after acquiring an additional 200 shares during the last quarter. Finally, LS Investment Advisors LLC lifted its holdings in Jack In The Box by 9.3% in the 2nd quarter. LS Investment Advisors LLC now owns 3,030 shares of the restaurant operator’s stock valued at $298,000 after acquiring an additional 257 shares during the last quarter. 94.94% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on JACK shares. TheStreet raised shares of Jack In The Box from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. Bank of America Corporation reissued a “buy” rating and issued a $118.00 price target (down from $120.00) on shares of Jack In The Box in a report on Tuesday, June 13th. Jefferies Group LLC reissued a “buy” rating and issued a $120.00 price target on shares of Jack In The Box in a report on Thursday, July 27th. Wedbush reissued a “buy” rating on shares of Jack In The Box in a report on Friday, August 11th. Finally, Robert W. Baird reissued a “buy” rating and issued a $115.00 price target on shares of Jack In The Box in a report on Tuesday, September 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $114.85.

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Shares of Jack In The Box Inc. (JACK) opened at 97.31 on Monday. 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 market cap of $2.86 billion, a P/E ratio of 22.45 and a beta of 0.59. The firm’s 50-day moving average price is $95.12 and its 200 day moving average price is $99.36.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $360.84 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts expect that Jack In The Box Inc. will post $4.05 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.64%. Jack In The Box’s dividend payout ratio is presently 36.70%.

About Jack In The Box

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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