Seven Six Capital Management LLC Sells 54,500 Shares of Jack In The Box Inc. $JACK

Seven Six Capital Management LLC trimmed its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 28.3% in the 3rd quarter, Holdings Channel reports. The firm owned 137,800 shares of the restaurant operator’s stock after selling 54,500 shares during the period. Jack In The Box accounts for approximately 2.7% of Seven Six Capital Management LLC’s holdings, making the stock its 17th biggest position. Seven Six Capital Management LLC’s holdings in Jack In The Box were worth $2,724,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of JACK. GAMMA Investing LLC raised its holdings in shares of Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 836 shares in the last quarter. US Bancorp DE grew its stake in Jack In The Box by 96.7% in the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 698 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Jack In The Box during the third quarter worth approximately $42,000. Hantz Financial Services Inc. raised its stake in shares of Jack In The Box by 136.0% during the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Jack In The Box by 882.5% in the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 2,824 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Trading Down 3.5%

Shares of NASDAQ JACK traded down $0.45 during trading hours on Friday, reaching $12.43. The stock had a trading volume of 112,856 shares, compared to its average volume of 619,320. The firm has a market cap of $236.65 million, a price-to-earnings ratio of -2.03, a PEG ratio of 0.69 and a beta of 1.16. Jack In The Box Inc. has a fifty-two week low of $12.66 and a fifty-two week high of $32.51. The firm has a 50-day moving average of $19.56 and a 200-day moving average of $18.80.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data 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 firm had revenue of $349.52 million during the quarter, compared to analyst estimates 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 revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 earnings per share. On average, equities analysts predict that Jack In The Box Inc. will post 5.33 EPS for the current year.

Analyst Upgrades and Downgrades

JACK has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a report on Thursday, January 22nd. Stifel Nicolaus cut their price target on shares of Jack In The Box from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Mizuho set a $20.00 price objective on shares of Jack In The Box in a research note on Thursday, February 12th. UBS Group raised their target price on Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. Finally, Sanford C. Bernstein set a $23.00 target price on Jack In The Box in a research report on Thursday, February 19th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Jack In The Box presently has an average rating of “Hold” and a consensus target price of $23.72.

Insider Transactions at Jack In The Box

In other Jack In The Box 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 value of $68,764.50. Following the transaction, the chief executive officer directly owned 204,068 shares in the company, valued at approximately $4,454,804.44. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 4,681 shares of company stock worth $99,004. Company insiders own 1.40% of the company’s stock.

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.