Falcon Point Capital LLC Acquires 2,664 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Falcon Point Capital LLC grew its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,545 shares of the restaurant operator’s stock after purchasing an additional 2,664 shares during the quarter. Jack in the Box makes up 3.1% of Falcon Point Capital LLC’s portfolio, making the stock its 6th largest holding. Falcon Point Capital LLC owned about 0.27% of Jack in the Box worth $5,741,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of Jack in the Box by 43.3% during the first quarter. Wells Fargo & Company MN now owns 448,922 shares of the restaurant operator’s stock valued at $36,390,000 after purchasing an additional 135,621 shares during the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Jack in the Box by 2.3% during the first quarter. OppenheimerFunds Inc. now owns 427,434 shares of the restaurant operator’s stock valued at $34,648,000 after purchasing an additional 9,687 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Jack in the Box by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 325,737 shares of the restaurant operator’s stock valued at $25,286,000 after purchasing an additional 10,072 shares during the last quarter. Norges Bank bought a new position in shares of Jack in the Box during the fourth quarter valued at approximately $23,325,000. Finally, 13D Management LLC grew its holdings in shares of Jack in the Box by 4.2% during the first quarter. 13D Management LLC now owns 166,167 shares of the restaurant operator’s stock valued at $13,430,000 after purchasing an additional 6,756 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

In other Jack in the Box news, CEO Leonard A. Comma sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $90.00, for a total value of $270,000.00. Following the completion of the sale, the chief executive officer now directly owns 186,522 shares in the company, valued at $16,786,980. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Carol A. Diraimo sold 590 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $82.02, for a total value of $48,391.80. Following the completion of the sale, the vice president now owns 17,588 shares of the company’s stock, valued at $1,442,567.76. The disclosure for this sale can be found here. Insiders sold 38,347 shares of company stock valued at $3,320,063 over the last 90 days. 2.30% of the stock is currently owned by insiders.

JACK has been the subject of several recent research reports. Morgan Stanley set a $89.00 target price on Jack in the Box and gave the company a “hold” rating in a report on Friday, August 9th. Cowen reissued a “hold” rating on shares of Jack in the Box in a report on Thursday, May 16th. Credit Suisse Group increased their price objective on Jack in the Box from $75.00 to $78.00 and gave the stock an “underperform” rating in a report on Friday, August 9th. Wedbush raised Jack in the Box from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $75.00 to $105.00 in a report on Friday, August 9th. Finally, Stifel Nicolaus raised Jack in the Box from a “hold” rating to a “buy” rating and increased their price objective for the stock from $85.00 to $95.00 in a report on Monday, May 20th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $91.50.

Shares of JACK stock opened at $88.65 on Friday. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 1.58 and a beta of 0.30. Jack in the Box Inc. has a 12-month low of $70.77 and a 12-month high of $91.72. The business has a 50 day simple moving average of $78.99 and a 200 day simple moving average of $80.04.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The firm had revenue of $222.36 million during the quarter, compared to the consensus estimate of $220.44 million. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 earnings per share. On average, sell-side analysts forecast that Jack in the Box Inc. will post 4.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. Jack in the Box’s dividend payout ratio (DPR) is 42.22%.

Jack in the Box Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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

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