Callodine Capital Management LP Boosts Stock Holdings in Jack In The Box Inc. $JACK

Callodine Capital Management LP boosted its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,760,470 shares of the restaurant operator’s stock after purchasing an additional 59,966 shares during the quarter. Callodine Capital Management LP owned approximately 0.09% of Jack In The Box worth $17,024,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JACK. Allworth Financial LP lifted its position in shares of Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 1,126 shares during the last quarter. US Bancorp DE raised its stake in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 698 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,802 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after buying an additional 2,824 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in Jack In The Box during the 4th quarter worth about $100,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack In The Box Price Performance

NASDAQ:JACK opened at $14.55 on Friday. The firm has a market cap of $277.47 million, a price-to-earnings ratio of 7.86, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. The firm’s fifty day moving average price is $13.46 and its 200 day moving average price is $15.07. Jack In The Box Inc. has a 1-year low of $8.91 and a 1-year high of $24.18.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 EPS 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 during the quarter, compared to the consensus estimate of $256.55 million. During the same quarter in the prior year, the firm earned $1.20 EPS. Jack In The Box’s quarterly revenue was down 24.5% on a year-over-year basis. As a group, analysts expect that Jack In The Box Inc. will post 3.42 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average cost of $11.51 per share, with a total value of $68,622.62. Following the completion of the acquisition, the director directly owned 20,692 shares of the company’s stock, valued at approximately $238,164.92. This trade represents a 40.48% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Weiss Ratings upgraded Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 14th. Jefferies Financial Group set a $12.50 target price on Jack In The Box in a research note on Thursday, May 14th. Oppenheimer lowered their target price on shares of Jack In The Box from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Barclays dropped their price target on Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.84.

Jack In The Box Company 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.