Janus Henderson Group PLC Has $1.64 Million Position in Jack In The Box Inc. $JACK

Janus Henderson Group PLC lessened its holdings in Jack In The Box Inc. (NASDAQ:JACK) by 42.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 169,280 shares of the restaurant operator’s stock after selling 125,763 shares during the period. Janus Henderson Group PLC’s holdings in Jack In The Box were worth $1,637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in JACK. US Bancorp DE lifted its holdings in shares of Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 698 shares during the period. Allworth Financial LP increased its stake in Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 1,126 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Jack In The Box by 3,604.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 1,802 shares during the period. Russell Investments Group Ltd. raised its position in Jack In The Box by 882.5% in the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 2,824 shares in the last quarter. Finally, Inspire Investing LLC bought a new position in Jack In The Box during the fourth quarter worth about $100,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Insider Buying and Selling

In related news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of $11.51 per share, with a total value of $68,622.62. Following the completion of the purchase, the director owned 20,692 shares in the company, valued at $238,164.92. This represents a 40.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.40% of the company’s stock.

Jack In The Box Stock Performance

Shares of NASDAQ:JACK opened at $17.58 on Monday. The company has a 50 day moving average price of $14.54 and a two-hundred day moving average price of $14.65. The company has a market capitalization of $335.25 million, a PE ratio of 9.50, a PEG ratio of 0.97 and a beta of 1.38. Jack In The Box Inc. has a 52 week low of $8.91 and a 52 week high of $23.86.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. The company had revenue of $254.26 million for the quarter, compared to analysts’ expectations of $256.55 million. During the same period last year, the firm posted $1.20 earnings per share. The business’s quarterly revenue was down 24.5% compared to the same quarter last year. On average, sell-side analysts forecast that Jack In The Box Inc. will post 3.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JACK. Sanford C. Bernstein set a $15.00 target price on Jack In The Box in a report on Thursday, May 14th. TD Cowen lowered their price target on Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen raised Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Mizuho boosted their target price on shares of Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada lowered their target price on shares of Jack In The Box from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.84.

Jack In The Box Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.