Northwestern Mutual Investment Management Company LLC cut its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 5.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,591 shares of the restaurant operator’s stock after selling 275 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Jack in the Box were worth $372,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of JACK. JNBA Financial Advisors bought a new position in shares of Jack in the Box during the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC grew its holdings in shares of Jack in the Box by 1,815.0% during the first quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 726 shares during the last quarter. Strs Ohio grew its holdings in shares of Jack in the Box by 600.0% during the fourth quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,200 shares during the last quarter. Dupont Capital Management Corp bought a new position in shares of Jack in the Box during the fourth quarter valued at approximately $197,000. Finally, First Trust Advisors LP bought a new position in shares of Jack in the Box during the fourth quarter valued at approximately $201,000. 95.52% of the stock is owned by institutional investors.
In related news, EVP Mark H. Blankenship sold 2,413 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $83.69, for a total transaction of $201,943.97. Following the completion of the sale, the executive vice president now directly owns 27,097 shares in the company, valued at approximately $2,267,747.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Carol A. Diraimo sold 590 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $82.02, for a total transaction of $48,391.80. Following the sale, the vice president now owns 17,588 shares of the company’s stock, valued at $1,442,567.76. The disclosure for this sale can be found here. Insiders have sold a total of 4,034 shares of company stock valued at $333,516 over the last quarter. 2.30% of the stock is currently owned by company insiders.
Shares of JACK traded up $0.85 during mid-day trading on Wednesday, reaching $85.61. The company’s stock had a trading volume of 1,356 shares, compared to its average volume of 583,712. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.62 and a beta of 0.37. Jack in the Box Inc. has a 52 week low of $74.19 and a 52 week high of $93.98.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The firm had revenue of $215.73 million during the quarter, compared to analyst estimates of $217.99 million. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. Equities research analysts forecast that Jack in the Box Inc. will post 4.25 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. Jack in the Box’s dividend payout ratio is currently 42.22%.
A number of brokerages recently issued reports on JACK. SunTrust Banks increased their price objective on Jack in the Box to $108.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Cowen restated a “hold” rating on shares of Jack in the Box in a research report on Thursday, May 16th. ValuEngine lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. BidaskClub lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $95.00 price objective (down previously from $105.00) on shares of Jack in the Box in a research note on Tuesday, April 16th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.50.
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Jack in the Box Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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