Pacer Advisors Inc. trimmed its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 7.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,328 shares of the restaurant operator’s stock after selling 269 shares during the quarter. Pacer Advisors Inc.’s holdings in Jack In The Box were worth $328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FNY Managed Accounts LLC acquired a new position in Jack In The Box during the 1st quarter worth $108,000. Glen Harbor Capital Management LLC grew its stake in Jack In The Box by 1.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after purchasing an additional 16 shares in the last quarter. Tyers Asset Management LLC grew its stake in Jack In The Box by 1.4% during the 1st quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 22 shares in the last quarter. Victory Capital Management Inc. grew its stake in Jack In The Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 283 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in Jack In The Box by 1.4% during the 1st quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock worth $205,000 after purchasing an additional 28 shares in the last quarter. 94.95% of the stock is owned by hedge funds and other institutional investors.

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JACK has been the subject of several analyst reports. TheStreet raised Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. BidaskClub cut Jack In The Box from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Jack In The Box from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Wells Fargo & Company raised Jack In The Box from a “market perform” rating to an “outperform” rating and set a $125.00 price objective for the company in a research report on Friday, June 2nd. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $105.00 price objective (up from $100.00) on shares of Jack In The Box in a research report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $114.85.

Shares of Jack In The Box Inc. (JACK) opened at 93.76 on Tuesday. Jack In The Box Inc. has a 12-month low of $90.89 and a 12-month high of $113.30. The stock has a market capitalization of $2.76 billion, a P/E ratio of 21.63 and a beta of 0.59. The stock has a 50 day moving average price of $94.65 and a 200 day moving average price of $99.31.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.06. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. On average, equities analysts anticipate that Jack In The Box Inc. will post $4.05 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were paid a $0.40 dividend. The ex-dividend date was Friday, August 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.71%. Jack In The Box’s dividend payout ratio (DPR) is 36.70%.

Jack In The Box 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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