Quantitative Systematic Strategies LLC bought a new stake in Jack In The Box Inc. (NASDAQ:JACK) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 6,719 shares of the restaurant operator’s stock, valued at approximately $656,000.

A number of other institutional investors have also recently bought and sold shares of JACK. Legato Capital Management LLC raised its position in Jack In The Box by 888.5% in the second quarter. Legato Capital Management LLC now owns 9,618 shares of the restaurant operator’s stock valued at $947,000 after buying an additional 8,645 shares during the last quarter. Aperio Group LLC raised its position in Jack In The Box by 9.6% in the second quarter. Aperio Group LLC now owns 9,287 shares of the restaurant operator’s stock valued at $915,000 after buying an additional 813 shares during the last quarter. LS Investment Advisors LLC raised its stake in Jack In The Box by 9.3% in the second quarter. LS Investment Advisors LLC now owns 3,030 shares of the restaurant operator’s stock worth $298,000 after buying an additional 257 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Jack In The Box during the second quarter worth about $52,047,000. Finally, Oregon Public Employees Retirement Fund raised its stake in Jack In The Box by 4.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 11,891 shares of the restaurant operator’s stock worth $1,171,000 after buying an additional 480 shares in the last quarter. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 93.19 on Monday. The firm has a market capitalization of $2.74 billion, a PE ratio of 23.03 and a beta of 0.57. Jack In The Box Inc. has a 52-week low of $86.51 and a 52-week high of $113.30. The firm’s 50-day moving average price is $98.26 and its 200-day moving average price is $101.80.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.07. The company had revenue of $369.40 million during the quarter, compared to analyst estimates of $369.36 million. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 earnings per share. On average, equities analysts predict that Jack In The Box Inc. will post $4.18 earnings per share for the current fiscal year.

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A number of research firms have issued reports on JACK. Jefferies Group LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Jack In The Box in a research report on Thursday, July 27th. BidaskClub raised Jack In The Box from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Jack In The Box in a research report on Thursday. Telsey Advisory Group lowered Jack In The Box from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $125.00 to $118.00 in a research report on Thursday, May 18th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $100.00 price target on shares of Jack In The Box in a research report on Friday, May 12th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $117.00.

In other news, EVP Phillip H. Rudolph sold 6,908 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Jack In The Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Institutional Ownership by Quarter for Jack In The Box (NASDAQ:JACK)

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