Bank of America Corp DE trimmed its stake in Jack in the Box Inc. (NASDAQ:JACK) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,081 shares of the restaurant operator’s stock after selling 6,875 shares during the period. Bank of America Corp DE owned about 0.39% of Jack in the Box worth $9,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in JACK. NumerixS Investment Technologies Inc bought a new position in shares of Jack in the Box during the 2nd quarter worth approximately $242,000. Stevens Capital Management LP bought a new position in shares of Jack in the Box during the 2nd quarter worth approximately $284,000. First Trust Advisors LP raised its stake in shares of Jack in the Box by 27.7% during the 2nd quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock worth $303,000 after acquiring an additional 772 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of Jack in the Box by 75.4% during the 1st quarter. Xact Kapitalforvaltning AB now owns 4,651 shares of the restaurant operator’s stock worth $397,000 after acquiring an additional 2,000 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Jack in the Box during the 1st quarter worth approximately $494,000. 95.90% of the stock is owned by institutional investors.
In related news, Director David Goebel sold 1,849 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $83.58, for a total transaction of $154,539.42. Following the completion of the sale, the director now directly owns 18,396 shares in the company, valued at $1,537,537.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Paul D. Melancon sold 1,125 shares of the firm’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $90.00, for a total transaction of $101,250.00. Following the sale, the senior vice president now owns 5,002 shares of the company’s stock, valued at $450,180. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.
JACK traded down $0.54 during midday trading on Friday, hitting $80.21. 349,403 shares of the company traded hands, compared to its average volume of 559,244. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 1.29 and a beta of 0.52. Jack in the Box Inc. has a 52-week low of $75.09 and a 52-week high of $108.55.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 8th. The restaurant operator reported $1.00 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.12. The firm had revenue of $187.98 million for the quarter, compared to the consensus estimate of $185.05 million. Jack in the Box had a net margin of 13.10% and a negative return on equity of 26.21%. The company’s revenue for the quarter was down 23.6% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. As a group, sell-side analysts expect that Jack in the Box Inc. will post 3.89 earnings per share for the current fiscal year.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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