Marshall Wace North America L.P. Sells 15,458 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Marshall Wace North America L.P. reduced its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 87.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,293 shares of the restaurant operator’s stock after selling 15,458 shares during the quarter. Marshall Wace North America L.P.’s holdings in Jack in the Box were worth $186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Jack in the Box by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 774,126 shares of the restaurant operator’s stock worth $60,095,000 after buying an additional 29,678 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Jack in the Box by 12.0% during the fourth quarter. Macquarie Group Ltd. now owns 709,239 shares of the restaurant operator’s stock worth $55,059,000 after buying an additional 76,230 shares in the last quarter. Wells Fargo & Company MN lifted 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 worth $36,390,000 after buying an additional 135,621 shares in the last quarter. OppenheimerFunds Inc. lifted 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 worth $34,648,000 after buying an additional 9,687 shares in the last quarter. Finally, Geode Capital Management LLC lifted 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 worth $25,286,000 after buying an additional 10,072 shares in the last quarter. 95.52% of the stock is owned by institutional investors.

Jack in the Box stock traded down $0.52 during midday trading on Friday, reaching $77.00. The company’s stock had a trading volume of 353,347 shares, compared to its average volume of 395,536. The firm’s 50-day moving average is $82.50. Jack in the Box Inc. has a 52 week low of $74.19 and a 52 week high of $93.98. The firm has a market cap of $1.99 billion, a PE ratio of 20.32, a PEG ratio of 1.41 and a beta of 0.32.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The firm had revenue of $215.73 million for the quarter, compared to analyst estimates of $217.99 million. During the same period last year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities research analysts anticipate that Jack in the Box Inc. will post 4.25 EPS for the current fiscal year.

JACK has been the subject of a number of research reports. Stifel Nicolaus set a $73.00 target price on Expeditors International of Washington and gave the stock a “hold” rating in a report on Monday, May 20th. SunTrust Banks raised their price target on Wix.Com to $154.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. Wedbush restated a “hold” rating and issued a $2.00 price target on shares of Regulus Therapeutics in a research report on Tuesday, April 9th. Telsey Advisory Group restated an “outperform” rating and issued a $95.00 price target (down previously from $105.00) on shares of Jack in the Box in a research report on Tuesday, April 16th. Finally, BidaskClub cut Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $90.91.

In related news, EVP Phillip H. Rudolph sold 2,000 shares of Jack in the Box stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $82.00, for a total value of $164,000.00. Following the transaction, the executive vice president now directly owns 99,357 shares of the company’s stock, valued at $8,147,274. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Carol A. Diraimo sold 590 shares of Jack in the Box 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 transaction, the vice president now directly owns 17,588 shares in the company, valued at $1,442,567.76. The disclosure for this sale can be found here. Insiders have sold 5,267 shares of company stock worth $436,103 over the last three months. Insiders own 2.30% of the company’s stock.

Jack in the Box Company 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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