Seven Six Capital Management LLC Has $2.72 Million Stock Holdings in Jack In The Box Inc. $JACK

Seven Six Capital Management LLC reduced its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 28.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 137,800 shares of the restaurant operator’s stock after selling 54,500 shares during the quarter. Jack In The Box comprises 2.7% of Seven Six Capital Management LLC’s holdings, making the stock its 17th biggest position. Seven Six Capital Management LLC owned 0.73% of Jack In The Box worth $2,724,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Arrowstreet Capital Limited Partnership bought a new stake in shares of Jack In The Box during the third quarter worth approximately $1,312,000. Royal Bank of Canada raised its position in shares of Jack In The Box by 5.9% during the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 671 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Jack In The Box by 206.6% during the first quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 11,567 shares during the period. Russell Investments Group Ltd. lifted its holdings in Jack In The Box by 882.5% during the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 2,824 shares in the last quarter. Finally, US Bancorp DE grew its stake in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 698 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JACK shares. Oppenheimer lowered their price target on shares of Jack In The Box from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. UBS Group raised their price objective on Jack In The Box from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Piper Sandler boosted their target price on Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Morgan Stanley dropped their target price on shares of Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Tuesday, January 20th. Finally, Barclays lifted their price target on shares of Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $23.72.

Insider Activity

In other news, CEO Lance F. Tucker sold 3,150 shares of Jack In The Box stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $21.83, for a total transaction of $68,764.50. Following the completion of the sale, the chief executive officer directly owned 204,068 shares of the company’s stock, valued at approximately $4,454,804.44. The trade was a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders have sold 4,681 shares of company stock worth $99,004. Insiders own 1.40% of the company’s stock.

Jack In The Box Stock Performance

JACK traded down $0.45 during midday trading on Friday, reaching $12.43. 112,856 shares of the company were exchanged, compared to its average volume of 619,320. Jack In The Box Inc. has a one year low of $12.66 and a one year high of $32.51. The company has a market cap of $236.65 million, a price-to-earnings ratio of -2.03, a price-to-earnings-growth ratio of 0.69 and a beta of 1.16. The company’s fifty day moving average price is $19.56 and its 200 day moving average price is $18.80.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.10). The company had revenue of $349.52 million for the quarter, compared to the consensus estimate of $355.73 million. Jack In The Box had a negative net margin of 8.69% and a negative return on equity of 7.12%. Jack In The Box’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS. As a group, sell-side analysts anticipate that Jack In The Box Inc. will post 5.33 earnings per share for the current fiscal year.

About Jack In The Box

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.