Biglari Capital CORP. bought a new stake in Jack In The Box Inc. (NASDAQ:JACK - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,683,652 shares of the restaurant operator's stock, valued at approximately $26,618,538. Jack In The Box makes up 0.0% of Biglari Capital CORP.'s investment portfolio, making the stock its 4th biggest holding. Biglari Capital CORP. owned 8.83% of Jack In The Box as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of JACK. Allworth Financial LP boosted its holdings in shares of 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 in the last quarter. US Bancorp DE boosted its holdings in shares of Jack In The Box by 96.7% in the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 698 shares in the last quarter. Legal & General Group Plc acquired a new stake in shares of Jack In The Box in the 2nd quarter valued at $30,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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. Finally, Russell Investments Group Ltd. boosted its holdings in shares of 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. Institutional investors and hedge funds own 99.79% of the company's stock.
Jack In The Box Stock Up 1.8%
Shares of NASDAQ:JACK opened at $16.19 on Friday. The firm has a market cap of $310.52 million, a P/E ratio of 9.36, a P/E/G ratio of 0.95 and a beta of 1.38. Jack In The Box Inc. has a 12-month low of $8.91 and a 12-month high of $23.86. The business has a fifty day simple moving average of $15.98 and a 200 day simple moving average of $14.26.
Jack In The Box (NASDAQ:JACK - Get Free Report) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.The business had revenue of $257.66 million during the quarter, compared to analyst estimates of $264.60 million. During the same period last year, the company earned $1.02 EPS. Jack In The Box's revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, equities research analysts expect that Jack In The Box Inc. will post 3.14 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on JACK shares. Barclays dropped their price target on Jack In The Box from $23.00 to $15.00 and set an "equal weight" rating for the company in a research note on Thursday, May 14th. Jefferies Financial Group set a $12.50 price target on Jack In The Box in a research note on Thursday, May 14th. Royal Bank Of Canada increased their price target on Jack In The Box from $16.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Wall Street Zen upgraded Jack In The Box from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Jack In The Box in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $17.22.
Get Our Latest Analysis on Jack In The Box
Jack In The Box Profile
(
Free Report)
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.
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