Nantahala Capital Management LLC Invests $27.33 Million in Jack In The Box Inc. $JACK

Nantahala Capital Management LLC purchased a new stake in Jack In The Box Inc. (NASDAQ:JACK) during the 2nd quarter, Holdings Channel reports. The firm purchased 1,728,659 shares of the restaurant operator’s stock, valued at approximately $27,330,099. Jack In The Box accounts for 0.0% of Nantahala Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Nantahala Capital Management LLC owned 0.09% of Jack In The Box as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of JACK. US Bancorp DE increased its stake in Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 698 shares during the period. Allworth Financial LP increased its holdings in shares of Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 1,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jack In The Box by 3,604.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 1,802 shares during the last quarter. Legal & General Group Plc purchased a new stake in Jack In The Box during the second quarter valued at about $30,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Jack In The Box in the 2nd quarter valued at approximately $48,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack In The Box Trading Up 1.8%

NASDAQ JACK opened at $16.19 on Friday. The company has a 50 day moving average of $15.98 and a 200-day moving average of $14.26. Jack In The Box Inc. has a 1-year low of $8.91 and a 1-year high of $23.86. The firm has a market cap of $310.52 million, a price-to-earnings ratio of 9.36, a PEG ratio of 0.95 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.The company had revenue of $257.66 million for the quarter, compared to analyst estimates of $264.60 million. During the same quarter in the previous year, the firm earned $1.02 earnings per share. The business’s revenue was down 22.6% on a year-over-year basis. On average, analysts forecast that Jack In The Box Inc. will post 3.14 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on JACK shares. Guggenheim lowered Jack In The Box from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Barclays decreased their price objective on shares of Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Wall Street Zen upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Citigroup raised their price target on Jack In The Box from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Finally, Oppenheimer dropped their target price on shares of Jack In The Box from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.22.

Jack In The Box Profile

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.