Falcon Point Capital LLC lowered its position in Jack In The Box Inc. (NASDAQ:JACK) by 29.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,043 shares of the restaurant operator’s stock after selling 53,684 shares during the period. Jack In The Box makes up 1.7% of Falcon Point Capital LLC’s investment portfolio, making the stock its 28th largest position. Falcon Point Capital LLC owned about 0.44% of Jack In The Box worth $12,612,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FNY Managed Accounts LLC purchased a new position in Jack In The Box during the first quarter worth $108,000. Glen Harbor Capital Management LLC increased its stake in Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 16 shares during the last quarter. Tyers Asset Management LLC increased its stake in Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 22 shares during the last quarter. Flinton Capital Management LLC increased its stake in Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 28 shares during the last quarter. Finally, Creative Planning increased its stake in Jack In The Box by 27.9% in the second quarter. Creative Planning now owns 2,290 shares of the restaurant operator’s stock valued at $226,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Jack In The Box Inc. (JACK) opened at 97.05 on Friday. The company has a 50-day moving average price of $95.67 and a 200 day moving average price of $101.16. The company has a market capitalization of $2.86 billion, a PE ratio of 22.39 and a beta of 0.57. Jack In The Box Inc. has a 52-week low of $91.02 and a 52-week high of $113.30.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. The company had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $360.84 million. Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. Jack In The Box’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned $1.07 earnings per share. Equities research analysts anticipate that Jack In The Box Inc. will post $4.11 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Friday, August 18th. Jack In The Box’s dividend payout ratio (DPR) is presently 36.70%.

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Several research firms recently weighed in on JACK. Telsey Advisory Group downgraded Jack In The Box from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $125.00 to $118.00 in a research note on Thursday, May 18th. Zacks Investment Research upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research note on Wednesday, April 26th. Cowen and Company restated a “hold” rating and issued a $100.00 price target on shares of Jack In The Box in a research note on Friday, May 12th. Bank of America Corporation restated a “buy” rating and issued a $118.00 price target (down previously from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. Finally, BidaskClub downgraded Jack In The Box from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $114.85.

In other news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the sale, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.

Jack In The Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Institutional Ownership by Quarter for Jack In The Box (NASDAQ:JACK)

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