Russell Investments Group Ltd. grew its position in Jack in the Box Inc. (NASDAQ:JACK) by 13.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,581 shares of the restaurant operator’s stock after acquiring an additional 11,542 shares during the quarter. Russell Investments Group Ltd. owned about 0.32% of Jack in the Box worth $9,741,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in JACK. Aperio Group LLC raised its stake in shares of 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 acquiring an additional 813 shares during the period. ING Groep NV purchased a new stake in shares of Jack in the Box in the second quarter valued at $352,000. Janney Montgomery Scott LLC raised its stake in shares of Jack in the Box by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 2,777 shares of the restaurant operator’s stock valued at $274,000 after acquiring an additional 151 shares during the period. Bessemer Group Inc. raised its stake in shares of Jack in the Box by 2.9% in the second quarter. Bessemer Group Inc. now owns 14,000 shares of the restaurant operator’s stock valued at $1,379,000 after acquiring an additional 390 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Jack in the Box by 15.2% in the second quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock valued at $354,000 after acquiring an additional 475 shares during the period. 99.26% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Inc. (NASDAQ:JACK) opened at $106.16 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box Inc. has a 1-year low of $90.89 and a 1-year high of $113.30. The stock has a market cap of $3,096.40, a PE ratio of 27.11, a price-to-earnings-growth ratio of 1.72 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. The firm’s revenue was down 15.0% on a year-over-year basis. equities analysts anticipate that Jack in the Box Inc. will post 4.58 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.51%. The ex-dividend date is Friday, December 1st. Jack in the Box’s payout ratio is 36.36%.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the transaction, the insider now directly owns 10,979 shares in the company, valued at approximately $1,127,653.09. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Several research analysts recently commented on JACK shares. Zacks Investment Research downgraded shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Robert W. Baird set a $115.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a research note on Monday, November 27th. BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. TheStreet downgraded shares of Jack in the Box from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Wells Fargo & Company reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Jack in the Box in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $112.62.

COPYRIGHT VIOLATION WARNING: This report was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/12/06/jack-in-the-box-inc-jack-stake-raised-by-russell-investments-group-ltd.html.

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)

Receive News & Stock Ratings for Jack in the Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box Inc. and related stocks with our FREE daily email newsletter.