Sei Investments Co. Has $525,000 Position in Jack in the Box Inc. (JACK)

Sei Investments Co. increased its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 43.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,160 shares of the restaurant operator’s stock after buying an additional 1,563 shares during the quarter. Sei Investments Co.’s holdings in Jack in the Box were worth $525,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JACK. State Street Corp lifted its stake in shares of Jack in the Box by 0.3% in the 2nd quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock valued at $104,850,000 after acquiring an additional 3,496 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Jack in the Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after acquiring an additional 321,825 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Jack in the Box by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock valued at $73,497,000 after acquiring an additional 8,434 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Jack in the Box in the 2nd quarter valued at $568,000. Finally, Bain Capital Public Equity Management LLC bought a new position in shares of Jack in the Box in the 2nd quarter valued at $54,752,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jack in the Box Inc. (NASDAQ JACK) opened at $103.03 on Tuesday. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. The company has a market capitalization of $3,077.86, a PE ratio of 26.95, a PEG ratio of 1.88 and a beta of 0.51. Jack in the Box Inc. has a 12 month low of $90.89 and a 12 month high of $113.27.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The company had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. Jack in the Box’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 EPS. analysts anticipate that Jack in the Box Inc. will post 4.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.55%. Jack in the Box’s dividend payout ratio (DPR) is currently 36.36%.

In related news, VP Dean C. Gordon sold 278 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $28,417.16. Following the sale, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Keith M. Guilbault sold 525 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $53,665.50. Following the completion of the sale, the insider now directly owns 17,110 shares in the company, valued at approximately $1,748,984.20. The disclosure for this sale can be found here. Insiders have sold a total of 10,971 shares of company stock valued at $1,121,715 in the last quarter. Company insiders own 2.10% of the company’s stock.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $109.00 target price on Jack in the Box and gave the stock a “buy” rating in a research report on Friday, December 1st. Wedbush reaffirmed a “hold” rating and set a $104.00 target price on shares of Jack in the Box in a research report on Friday, December 1st. UBS set a $105.00 target price on Jack in the Box and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, Robert W. Baird set a $115.00 target price on Jack in the Box and gave the stock a “buy” rating in a research report on Monday, November 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company’s stock. Jack in the Box currently has an average rating of “Buy” and a consensus target price of $112.62.

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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 (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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