Meeder Asset Management Inc. grew its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 597.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,123 shares of the restaurant operator’s stock after buying an additional 962 shares during the quarter. Meeder Asset Management Inc.’s holdings in Jack in the Box were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in JACK. UBS Asset Management Americas Inc. lifted its holdings in shares of Jack in the Box by 0.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 16,790 shares of the restaurant operator’s stock valued at $1,654,000 after buying an additional 123 shares during the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Jack in the Box during the 2nd quarter valued at about $267,000. Royal Bank of Canada lifted its holdings in shares of Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 105 shares during the last quarter. Shelton Capital Management acquired a new stake in shares of Jack in the Box during the 2nd quarter valued at about $243,000. Finally, State Street Corp lifted its holdings in shares of Jack in the Box by 0.3% during the 2nd quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock valued at $104,850,000 after buying an additional 3,496 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Jack in the Box Inc. (NASDAQ:JACK) opened at $81.95 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. Jack in the Box Inc. has a one year low of $79.30 and a one year high of $113.00. The firm has a market capitalization of $2,453.24, a P/E ratio of 21.41, a P/E/G ratio of 1.53 and a beta of 0.42.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The company had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s revenue was down 15.0% on a year-over-year basis. research analysts predict that Jack in the Box Inc. will post 4.02 earnings per share for the current fiscal year.

JACK has been the subject of several research reports. Wedbush reiterated a “hold” rating and set a $104.00 price target on shares of Jack in the Box in a report on Friday, December 1st. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Wells Fargo & Co reduced their price target on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. SunTrust Banks set a $110.00 price target on Jack in the Box and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Goldman Sachs Group raised Jack in the Box from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $111.31.

In other Jack in the Box news, SVP Paul D. Melancon sold 461 shares of Jack in the Box stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $45,998.58. Following the transaction, the senior vice president now directly owns 5,370 shares of the company’s stock, valued at approximately $535,818.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Keith M. Guilbault sold 525 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $53,665.50. Following the completion of the transaction, the insider now directly owns 17,110 shares in the company, valued at $1,748,984.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,671 shares of company stock worth $2,586,928. Company insiders own 2.60% of the company’s stock.

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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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