Biglari Sardar bought a new position in shares of Jack In The Box Inc. (NASDAQ:JACK - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 200,617 shares of the restaurant operator's stock, valued at approximately $3,171,755. Jack In The Box accounts for approximately 0.0% of Biglari Sardar's investment portfolio, making the stock its 7th largest holding. Biglari Sardar owned 1.05% of Jack In The Box as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Biglari Capital CORP. acquired a new position in shares of Jack In The Box during the 2nd quarter valued at about $26,618,538. Manning & Napier Advisors LLC acquired a new position in shares of Jack In The Box during the 2nd quarter valued at about $5,950,000. Bank of America Corp DE increased its holdings in shares of Jack In The Box by 21.2% during the 1st quarter. Bank of America Corp DE now owns 622,779 shares of the restaurant operator's stock valued at $6,022,000 after acquiring an additional 108,865 shares during the last quarter. Maxi Investments CY Ltd acquired a new position in shares of Jack In The Box during the 4th quarter valued at about $2,263,000. Finally, Seven Six Capital Management LLC increased its holdings in shares of Jack In The Box by 53.0% during the 1st quarter. Seven Six Capital Management LLC now owns 181,150 shares of the restaurant operator's stock valued at $1,752,000 after acquiring an additional 62,750 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.
Jack In The Box Price Performance
Jack In The Box stock opened at $16.19 on Friday. The company has a market capitalization of $310.52 million, a PE ratio of 9.36, a price-to-earnings-growth ratio of 0.95 and a beta of 1.38. Jack In The Box Inc. has a one year low of $8.91 and a one year high of $23.86. The business has a 50 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 posted its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08. The business 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 quarter last year, the company earned $1.02 EPS. Equities analysts anticipate that Jack In The Box Inc. will post 3.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have issued reports on JACK. The Goldman Sachs Group lowered their target price on Jack In The Box from $17.00 to $12.00 and set a "sell" rating on the stock in a report on Friday, May 15th. Oppenheimer lowered their target price on Jack In The Box from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, May 14th. Mizuho raised their target price on Jack In The Box from $13.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, August 13th. Citigroup raised their target price on Jack In The Box from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, August 13th. Finally, Barclays lowered their target price on Jack In The Box from $23.00 to $15.00 and set an "equal weight" rating on the stock in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.22.
Check Out Our Latest Research Report on JACK
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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