LSV Asset Management Sells 92,625 Shares of Jack In The Box Inc. $JACK

LSV Asset Management cut its position in Jack In The Box Inc. (NASDAQ:JACK) by 11.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 749,796 shares of the restaurant operator’s stock after selling 92,625 shares during the period. LSV Asset Management owned 3.97% of Jack In The Box worth $14,823,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in JACK. Royal Bank of Canada increased its holdings in shares of Jack In The Box by 5.9% during the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 671 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in Jack In The Box by 206.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 11,567 shares during the period. Woodline Partners LP grew its position in Jack In The Box by 63.8% in the 1st quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator’s stock valued at $4,546,000 after purchasing an additional 65,142 shares during the period. GAMMA Investing LLC raised its holdings in Jack In The Box by 165.5% during the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after buying an additional 836 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Jack In The Box in the third quarter valued at $65,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JACK has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Jack In The Box in a research report on Tuesday, December 9th. The Goldman Sachs Group raised their price objective on Jack In The Box from $15.00 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Morgan Stanley reduced their target price on shares of Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Oppenheimer lowered their target price on shares of Jack In The Box from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a report on Thursday, January 22nd. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $25.60.

Jack In The Box Price Performance

Shares of Jack In The Box stock opened at $20.73 on Friday. The firm has a market cap of $396.01 million, a PE ratio of -4.85, a P/E/G ratio of 1.05 and a beta of 1.14. Jack In The Box Inc. has a 1 year low of $13.99 and a 1 year high of $41.09. The stock has a fifty day moving average price of $20.73 and a 200-day moving average price of $19.12.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). Jack In The Box had a negative return on equity of 9.23% and a negative net margin of 5.51%.The company had revenue of $326.19 million during the quarter, compared to analysts’ expectations of $324.23 million. During the same period last year, the firm posted $1.16 earnings per share. Jack In The Box’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities analysts anticipate that Jack In The Box Inc. will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP Steven Piano sold 1,491 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $28,448.28. Following the completion of the transaction, the senior vice president owned 27,053 shares in the company, valued at approximately $516,171.24. This represents a 5.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Carl Mount sold 1,393 shares of Jack In The Box stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $19.00, for a total value of $26,467.00. Following the completion of the sale, the senior vice president directly owned 19,300 shares of the company’s stock, valued at approximately $366,700. This trade represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 12,462 shares of company stock worth $247,352 in the last three months. Insiders own 1.40% of the company’s stock.

About Jack In The Box

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.