JPMorgan Chase & Co. raised its holdings in Jack In The Box Inc. (NASDAQ:JACK) by 58.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,539 shares of the restaurant operator’s stock after buying an additional 18,257 shares during the quarter. JPMorgan Chase & Co. owned 0.17% of Jack In The Box worth $4,879,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of JACK. UBS Asset Management Americas Inc. lifted its stake in Jack In The Box by 13.0% in the first quarter. UBS Asset Management Americas Inc. now owns 16,667 shares of the restaurant operator’s stock valued at $1,695,000 after buying an additional 1,919 shares during the period. Karp Capital Management Corp acquired a new position in Jack In The Box in the first quarter valued at approximately $862,000. Arizona State Retirement System lifted its stake in Jack In The Box by 5.6% in the first quarter. Arizona State Retirement System now owns 13,200 shares of the restaurant operator’s stock valued at $1,343,000 after buying an additional 700 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Jack In The Box in the first quarter valued at approximately $313,000. Finally, Credit Agricole S A lifted its stake in Jack In The Box by 23.9% in the first quarter. Credit Agricole S A now owns 6,459 shares of the restaurant operator’s stock valued at $657,000 after buying an additional 1,248 shares during the period. 94.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Jack In The Box Inc. (NASDAQ JACK) opened at 102.02 on Friday. The company has a market cap of $3.00 billion, a P/E ratio of 23.54 and a beta of 0.58. Jack In The Box Inc. has a one year low of $90.89 and a one year high of $113.30. The company’s 50-day moving average price is $96.78 and its 200 day moving average price is $99.51.

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

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Several equities analysts have issued reports on JACK shares. Zacks Investment Research raised Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company reissued an “outperform” rating and issued a $125.00 price target on shares of Jack In The Box in a research note on Thursday, August 3rd. TheStreet raised Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. BidaskClub upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Stifel Nicolaus started coverage on Jack In The Box in a report on Monday, October 2nd. They set a “hold” rating and a $105.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $114.15.

About Jack In The Box

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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