Northern Trust Corp lowered its position in Jack in the Box Inc. (NASDAQ:JACK) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 543,058 shares of the restaurant operator’s stock after selling 2,533 shares during the quarter. Northern Trust Corp’s holdings in Jack in the Box were worth $46,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of JACK. BlackRock Inc. raised its position in Jack in the Box by 3.5% in the fourth quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock valued at $311,300,000 after purchasing an additional 108,723 shares during the period. Millennium Management LLC raised its position in Jack in the Box by 36.9% in the fourth quarter. Millennium Management LLC now owns 994,440 shares of the restaurant operator’s stock valued at $97,565,000 after purchasing an additional 268,145 shares during the period. Bank of New York Mellon Corp raised its position in Jack in the Box by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 413,333 shares of the restaurant operator’s stock valued at $40,553,000 after purchasing an additional 28,931 shares during the period. Geode Capital Management LLC raised its position in Jack in the Box by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 273,368 shares of the restaurant operator’s stock valued at $26,819,000 after purchasing an additional 9,817 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Jack in the Box by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 226,207 shares of the restaurant operator’s stock valued at $22,194,000 after purchasing an additional 13,809 shares during the period. Hedge funds and other institutional investors own 96.36% of the company’s stock.

Several research analysts have commented on JACK shares. Wedbush reissued a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a research report on Thursday, February 22nd. UBS Group cut their price objective on Jack in the Box from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Thursday, April 26th. Zacks Investment Research lowered Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Morgan Stanley cut their price objective on Jack in the Box from $115.00 to $106.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 6th. Finally, Robert W. Baird reissued a “buy” rating on shares of Jack in the Box in a research report on Thursday, March 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $106.08.

In related news, Director David Goebel sold 1,521 shares of Jack in the Box stock in a transaction dated Wednesday, May 23rd. The stock was sold at an average price of $81.71, for a total value of $124,280.91. Following the completion of the transaction, the director now directly owns 20,181 shares in the company, valued at $1,648,989.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company insiders.

Shares of Jack in the Box opened at $84.94 on Wednesday, according to Marketbeat Ratings. Jack in the Box Inc. has a 1 year low of $79.23 and a 1 year high of $108.55. The stock has a market cap of $2.41 billion, a PE ratio of 21.89, a price-to-earnings-growth ratio of 1.60 and a beta of 0.40. The company has a debt-to-equity ratio of -2.09, a quick ratio of 0.85 and a current ratio of 0.87.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, May 16th. The restaurant operator reported $0.80 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). Jack in the Box had a negative return on equity of 27.25% and a net margin of 10.50%. The business had revenue of $209.80 million for the quarter, compared to analysts’ expectations of $212.84 million. During the same period in the previous year, the firm posted $0.98 earnings per share. The firm’s revenue was down 21.1% compared to the same quarter last year. equities research analysts anticipate that Jack in the Box Inc. will post 3.85 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 11th. Investors of record on Tuesday, May 29th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, May 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.88%. Jack in the Box’s dividend payout ratio (DPR) is 41.24%.

Jack in the Box Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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