Jane Street Group LLC trimmed its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 94.3% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,810 shares of the restaurant operator’s stock after selling 46,420 shares during the quarter. Jane Street Group LLC’s holdings in Jack in the Box were worth $229,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Tower Research Capital LLC TRC raised its stake in shares of Jack in the Box by 6,483.3% during the second quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 389 shares during the period. Strs Ohio purchased a new stake in shares of Jack in the Box during the second quarter valued at approximately $40,000. Point72 Hong Kong Ltd raised its stake in shares of Jack in the Box by 3,727.3% during the second quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock valued at $69,000 after purchasing an additional 820 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Jack in the Box during the second quarter valued at approximately $159,000. Finally, US Bancorp DE raised its stake in shares of Jack in the Box by 61.7% during the second quarter. US Bancorp DE now owns 2,096 shares of the restaurant operator’s stock valued at $170,000 after purchasing an additional 800 shares during the period.

Shares of NASDAQ:JACK traded down $2.30 during midday trading on Monday, reaching $88.95. The company had a trading volume of 5,560 shares, compared to its average volume of 361,514. The stock’s fifty day moving average price is $88.75 and its 200-day moving average price is $82.55. The stock has a market capitalization of $2.34 billion, a P/E ratio of 23.48, a PEG ratio of 1.45 and a beta of 0.28. Jack in the Box Inc. has a one year low of $70.77 and a one year high of $93.12.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $222.36 million during the quarter, compared to analyst estimates of $220.44 million. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The business’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.00 earnings per share. As a group, equities analysts anticipate that Jack in the Box Inc. will post 4.36 earnings per share for the current year.

In other Jack in the Box news, EVP Phillip H. Rudolph sold 6,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $86.16, for a total transaction of $516,960.00. Following the completion of the sale, the executive vice president now owns 26,097 shares in the company, valued at $2,248,517.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Carol A. Diraimo sold 1,540 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $85.00, for a total transaction of $130,900.00. Following the sale, the vice president now owns 18,538 shares of the company’s stock, valued at approximately $1,575,730. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,080 shares of company stock valued at $3,614,820. Insiders own 2.30% of the company’s stock.

JACK has been the topic of a number of analyst reports. Credit Suisse Group lifted their price objective on shares of Jack in the Box from $75.00 to $78.00 and gave the company an “underperform” rating in a research note on Friday, August 9th. Wells Fargo & Co lifted their price objective on shares of Jack in the Box from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Robert W. Baird lifted their price objective on shares of Jack in the Box from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Goldman Sachs Group initiated coverage on shares of Jack in the Box in a research note on Monday, July 29th. They set a “sell” rating and a $69.00 price objective on the stock. Finally, BidaskClub lowered shares of Jack in the Box from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $92.92.

About Jack in the Box

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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