Waratah Capital Advisors Ltd. grew its position in Jack in the Box Inc. (NASDAQ:JACK) by 289.0% during the first quarter, HoldingsChannel.com reports. The firm owned 23,345 shares of the restaurant operator’s stock after acquiring an additional 17,343 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Jack in the Box were worth $1,892,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in Jack in the Box by 275.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 148,961 shares of the restaurant operator’s stock worth $12,488,000 after acquiring an additional 109,235 shares during the last quarter. Strs Ohio lifted its holdings in shares of Jack in the Box by 600.0% in the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after buying an additional 1,200 shares during the period. Signition LP lifted its holdings in shares of Jack in the Box by 14.1% in the 4th quarter. Signition LP now owns 2,785 shares of the restaurant operator’s stock worth $216,000 after buying an additional 345 shares during the period. Emerald Advisers LLC lifted its holdings in shares of Jack in the Box by 1.0% in the 4th quarter. Emerald Advisers LLC now owns 170,875 shares of the restaurant operator’s stock worth $13,265,000 after buying an additional 1,644 shares during the period. Finally, Bridge City Capital LLC lifted its stake in shares of Jack in the Box by 12.3% during the 4th quarter. Bridge City Capital LLC now owns 23,210 shares of the restaurant operator’s stock worth $1,802,000 after purchasing an additional 2,550 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Lance F. Tucker sold 517 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total transaction of $42,011.42. Following the transaction, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at approximately $1,544,265.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 1,113 shares of company stock worth $89,004 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

JACK has been the subject of a number of analyst reports. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Wells Fargo & Co decreased their price objective on Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, February 14th. Cowen restated a “hold” rating and set a $81.00 price objective on shares of Jack in the Box in a research note on Tuesday, February 19th. Finally, Gordon Haskett upgraded Jack in the Box from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $91.40.

NASDAQ:JACK traded up $3.38 during mid-day trading on Thursday, hitting $81.22. 85,874 shares of the company’s stock traded hands, compared to its average volume of 528,805. Jack in the Box Inc. has a twelve month low of $74.19 and a twelve month high of $93.98. The firm has a market capitalization of $2.00 billion, a P/E ratio of 21.44, a P/E/G ratio of 1.51 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. The company had revenue of $215.73 million for the quarter, compared to analyst estimates of $217.99 million. During the same period in the prior year, the company posted $0.80 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Jack in the Box Inc. will post 4.25 earnings per share for the current fiscal year.

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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.

Read More: Price to Earnings Ratio (PE), For Valuing Stocks

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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