Capital Fund Management S.A. increased its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 26.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 130,093 shares of the restaurant operator’s stock after acquiring an additional 27,013 shares during the period. Capital Fund Management S.A. owned 0.48% of Jack in the Box worth $10,906,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of JACK. Ancora Advisors LLC bought a new stake in shares of Jack in the Box in the 3rd quarter worth approximately $110,000. Tower Research Capital LLC TRC lifted its position in shares of Jack in the Box by 267.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock worth $129,000 after acquiring an additional 1,123 shares during the period. Signition LP bought a new position in shares of Jack in the Box during the 3rd quarter worth approximately $205,000. NumerixS Investment Technologies Inc bought a new position in shares of Jack in the Box during the 2nd quarter worth approximately $242,000. Finally, Stevens Capital Management LP bought a new position in shares of Jack in the Box during the 2nd quarter worth approximately $284,000. 95.90% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director David Goebel sold 1,849 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $83.58, for a total transaction of $154,539.42. Following the completion of the sale, the director now directly owns 18,396 shares of the company’s stock, valued at approximately $1,537,537.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company’s stock.

Several equities analysts recently commented on JACK shares. Cowen restated a “hold” rating and set a $94.00 target price on shares of Jack in the Box in a research report on Thursday, August 9th. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, September 27th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $115.00 to $80.00 in a research report on Friday, October 26th. ValuEngine downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Finally, Gordon Haskett started coverage on Jack in the Box in a research report on Thursday, October 18th. They set a “hold” rating and a $84.00 target price for the company. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $99.46.

JACK stock traded down $0.86 during midday trading on Thursday, reaching $79.33. 1,541 shares of the company’s stock traded hands, compared to its average volume of 646,584. Jack in the Box Inc. has a 1-year low of $75.09 and a 1-year high of $108.55. The stock has a market capitalization of $2.20 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.37 and a beta of 0.52.

TRADEMARK VIOLATION NOTICE: “Capital Fund Management S.A. Has $10.91 Million Stake in Jack in the Box Inc. (JACK)” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another site, it was stolen and republished in violation of U.S. & international trademark and copyright law. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/11/15/capital-fund-management-s-a-has-10-91-million-stake-in-jack-in-the-box-inc-jack.html.

About Jack in the Box

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.

Recommended Story: Trading Strategy Methods for Individual Investors

Want to see what other hedge funds are holding JACK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack in the Box Inc. (NASDAQ:JACK).

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

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.