OppenheimerFunds Inc. Has $22.53 Million Position in Jack in the Box Inc. (JACK)
OppenheimerFunds Inc. boosted its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 5,145.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,703 shares of the restaurant operator’s stock after purchasing an additional 259,657 shares during the quarter. OppenheimerFunds Inc.’s holdings in Jack in the Box were worth $22,531,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. NumerixS Investment Technologies Inc purchased a new stake in Jack in the Box during the second quarter valued at about $242,000. Teza Capital Management LLC purchased a new stake in Jack in the Box during the first quarter valued at about $280,000. Stevens Capital Management LP purchased a new stake in Jack in the Box during the second quarter valued at about $284,000. First Trust Advisors LP grew its position in Jack in the Box by 27.7% during the second quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock valued at $303,000 after acquiring an additional 772 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Jack in the Box by 7,250.0% during the first quarter. Envestnet Asset Management Inc. now owns 3,822 shares of the restaurant operator’s stock valued at $339,000 after acquiring an additional 3,770 shares during the period. Hedge funds and other institutional investors own 98.86% of the company’s stock.
A number of equities research analysts have issued reports on JACK shares. Cowen reissued a “hold” rating and set a $94.00 price target on shares of Jack in the Box in a research report on Thursday, August 9th. Wedbush reissued an “outperform” rating on shares of Jack in the Box in a research report on Wednesday, July 11th. ValuEngine downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. UBS Group boosted their price target on Jack in the Box from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, BidaskClub downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $105.50.
Shares of NASDAQ JACK opened at $84.53 on Monday. Jack in the Box Inc. has a 1-year low of $79.23 and a 1-year high of $108.55. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of -1.94. The stock has a market capitalization of $2.31 billion, a PE ratio of 21.79, a P/E/G ratio of 1.58 and a beta of 0.43.
Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 8th. The restaurant operator reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.12. Jack in the Box had a negative return on equity of 26.21% and a net margin of 13.10%. The company had revenue of $187.98 million during the quarter, compared to the consensus estimate of $185.05 million. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company’s revenue was down 23.6% compared to the same quarter last year. research analysts anticipate that Jack in the Box Inc. will post 3.89 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, August 17th. Jack in the Box’s payout ratio is 41.24%.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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