Jack In The Box Inc. $JACK Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC cut its holdings in Jack In The Box Inc. (NASDAQ:JACK) by 17.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 385,832 shares of the restaurant operator’s stock after selling 83,468 shares during the quarter. IPG Investment Advisors LLC’s holdings in Jack In The Box were worth $5,101,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Jack In The Box during the second quarter valued at $612,000. Nantahala Capital Management LLC purchased a new position in shares of Jack In The Box in the 2nd quarter worth $27,330,099. Windward Management LP purchased a new position in shares of Jack In The Box in the 2nd quarter worth $2,883,807. Public Employees Retirement System of Ohio purchased a new position in shares of Jack In The Box in the 2nd quarter worth $48,000. Finally, Bank of America Corp DE bought a new stake in shares of Jack In The Box in the 2nd quarter worth about $18,409,000. Institutional investors own 99.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on JACK. Royal Bank Of Canada boosted their target price on shares of Jack In The Box from $16.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. UBS Group increased their price target on shares of Jack In The Box from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Wall Street Zen upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Citigroup lifted their price target on Jack In The Box from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley reduced their price objective on Jack In The Box from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Jack In The Box currently has an average rating of “Reduce” and a consensus target price of $16.83.

Jack In The Box Stock Performance

NASDAQ:JACK opened at $13.27 on Wednesday. The stock’s fifty day moving average is $13.45 and its 200 day moving average is $14.60. Jack In The Box Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $23.86. The firm has a market capitalization of $254.52 million, a PE ratio of 7.67, a PEG ratio of 0.85 and a beta of 1.43.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $257.66 million during the quarter, compared to the consensus estimate of $264.60 million. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%. Jack In The Box’s revenue was down 22.6% on a year-over-year basis. During the same period last year, the company earned $1.02 earnings per share. Equities analysts forecast that Jack In The Box Inc. will post 3.13 EPS for the current year.

About Jack In The Box

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.