Seven Six Capital Management LLC Grows Stake in Jack In The Box Inc. $JACK

Seven Six Capital Management LLC increased its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 53.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 181,150 shares of the restaurant operator’s stock after purchasing an additional 62,750 shares during the period. Jack In The Box accounts for approximately 1.8% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Seven Six Capital Management LLC’s holdings in Jack In The Box were worth $1,752,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. US Bancorp DE increased its stake in Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares in the last quarter. Allworth Financial LP raised its stake in Jack In The Box by 322.6% in the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 1,126 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Jack In The Box by 3,604.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 1,802 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Jack In The Box by 882.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 2,824 shares in the last quarter. Finally, Inspire Investing LLC acquired a new stake in Jack In The Box during the 4th quarter worth $100,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack In The Box Trading Up 1.9%

NASDAQ JACK opened at $16.47 on Thursday. The stock has a market cap of $314.08 million, a PE ratio of 8.90, a P/E/G ratio of 0.89 and a beta of 1.38. Jack In The Box Inc. has a twelve month low of $8.91 and a twelve month high of $23.86. The stock has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $14.93.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $254.26 million during the quarter, compared to analysts’ expectations of $256.55 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. The business’s revenue for the quarter was down 24.5% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. Research analysts predict that Jack In The Box Inc. will post 3.42 EPS for the current year.

Analysts Set New Price Targets

JACK has been the subject of several recent research reports. Morgan Stanley cut their price target on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Guggenheim downgraded Jack In The Box from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Barclays lowered their price target on shares of Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 14th. Citigroup dropped their price objective on shares of Jack In The Box from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, TD Cowen decreased their target price on shares of Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Jack In The Box has an average rating of “Hold” and a consensus target price of $15.84.

Insiders Place Their Bets

In other Jack In The Box news, Director Guillermo Diaz, Jr. purchased 5,962 shares of Jack In The Box stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of $11.51 per share, with a total value of $68,622.62. Following the completion of the transaction, the director owned 20,692 shares of the company’s stock, valued at $238,164.92. This trade represents a 40.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is currently owned by corporate insiders.

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.