OppenheimerFunds Inc. boosted its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 2.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 427,434 shares of the restaurant operator’s stock after buying an additional 9,687 shares during the period. OppenheimerFunds Inc.’s holdings in Jack in the Box were worth $34,648,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Jack in the Box by 275.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 148,961 shares of the restaurant operator’s stock valued at $12,488,000 after purchasing an additional 109,235 shares during the last quarter. Strs Ohio grew its stake in shares of Jack in the Box by 600.0% in the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,200 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of Jack in the Box by 51.8% in the 4th quarter. Rhumbline Advisers now owns 87,534 shares of the restaurant operator’s stock valued at $6,795,000 after buying an additional 29,854 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Jack in the Box by 14.7% in the 4th quarter. State Board of Administration of Florida Retirement System now owns 14,962 shares of the restaurant operator’s stock valued at $1,162,000 after buying an additional 1,923 shares during the period. Finally, Dupont Capital Management Corp acquired a new stake in shares of Jack in the Box in the 4th quarter valued at approximately $197,000. 95.52% of the stock is currently owned by hedge funds and other institutional investors.

JACK has been the subject of several recent analyst reports. Cowen reissued a “hold” rating and issued a $81.00 price target on shares of Jack in the Box in a report on Tuesday, February 19th. Wells Fargo & Co reduced their price target on Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, February 14th. BidaskClub cut Jack in the Box from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Morgan Stanley initiated coverage on Jack in the Box in a report on Tuesday, May 21st. They issued an “equal weight” rating and a $87.00 price target for the company. Finally, Gordon Haskett raised Jack in the Box from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Jack in the Box presently has a consensus rating of “Buy” and an average target price of $92.50.

In related news, CFO Lance F. Tucker sold 517 shares of Jack in the Box stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total transaction of $42,011.42. Following the completion of the transaction, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at $1,544,265.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Carol A. Diraimo sold 590 shares of Jack in the Box stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $82.02, for a total value of $48,391.80. Following the transaction, the vice president now directly owns 17,588 shares of the company’s stock, valued at $1,442,567.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,034 shares of company stock valued at $333,516. 2.30% of the stock is currently owned by insiders.

JACK stock traded up $0.89 during midday trading on Wednesday, hitting $85.65. 3,916 shares of the stock were exchanged, compared to its average volume of 583,712. The stock has a market cap of $2.19 billion, a PE ratio of 22.56, a P/E/G ratio of 1.62 and a beta of 0.37. Jack in the Box Inc. has a fifty-two week low of $74.19 and a fifty-two week high of $93.98.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.06. The firm had revenue of $215.73 million during the quarter, compared to analysts’ expectations of $217.99 million. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. Jack in the Box’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. As a group, sell-side analysts anticipate that Jack in the Box Inc. will post 4.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 28th. This represents a $1.60 annualized dividend and a yield of 1.87%. Jack in the Box’s dividend payout ratio is presently 42.22%.

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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. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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