Janus Henderson Group PLC Has $1.64 Million Holdings in Jack In The Box Inc. $JACK

Key Points

• Janus Henderson Group cut its Jack In The Box stake by 42.6% in the first quarter, selling 125,763 shares and retaining 169,280 shares worth approximately $1.64 million. Institutional investors collectively own 99.79% of the company.
• Analyst sentiment remains cautious: Jack In The Box has an average “Hold” rating and a consensus price target of $15.84, with several firms recently reducing their targets.
• The company narrowly beat quarterly earnings expectations with $0.76 EPS, but revenue fell 24.5% year over year to $254.26 million, and analysts expect full-year EPS of $3.42.

Janus Henderson Group PLC lessened its stake in shares of Jack In The Box Inc. (NASDAQ:JACK - Free Report) by 42.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,280 shares of the restaurant operator's stock after selling 125,763 shares during the quarter. Janus Henderson Group PLC owned about 0.89% of Jack In The Box worth $1,637,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Jack In The Box by 5.9% in the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator's stock worth $327,000 after purchasing an additional 671 shares during the last quarter. US Bancorp DE grew its holdings in Jack In The Box by 96.7% during the third 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 during the last quarter. Allworth Financial LP raised its position in shares of Jack In The Box by 322.6% in the fourth 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 period. Russell Investments Group Ltd. raised its position in shares of Jack In The Box by 43.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator's stock valued at $85,000 after purchasing an additional 1,363 shares during the period. Finally, Manning & Napier Advisors LLC lifted its stake in shares of Jack In The Box by 0.4% in the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator's stock worth $3,639,000 after buying an additional 1,677 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.

Insider Activity at Jack In The Box

In related news, Director Guillermo Diaz, Jr. bought 5,962 shares of Jack In The Box stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the completion of the purchase, the director owned 20,692 shares in the company, valued at approximately $238,164.92. This represents a 40.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on JACK shares. Wall Street Zen upgraded shares of Jack In The Box from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. TD Cowen decreased their price target on shares of Jack In The Box from $16.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, April 14th. Barclays lowered their price target on 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. Stifel Nicolaus lifted their price objective on Jack In The Box from $10.00 to $15.00 and gave the stock a "hold" rating in a research note on Thursday, May 14th. Finally, Oppenheimer cut their price objective on Jack In The Box from $27.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $15.84.

Jack In The Box Stock Performance

Shares of JACK stock opened at $17.58 on Monday. Jack In The Box Inc. has a 1 year low of $8.91 and a 1 year high of $23.86. The firm's fifty day simple moving average is $14.54 and its 200 day simple moving average is $14.65. The firm has a market capitalization of $335.25 million, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 0.97 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK - Get Free Report) last issued 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 firm had revenue of $254.26 million during the quarter, compared to the consensus estimate 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 was down 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 EPS. Equities research analysts anticipate that Jack In The Box Inc. will post 3.42 EPS for the current fiscal year.

Jack In The Box Company 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.

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