Windward Management LP Makes New $2.88 Million Investment in Jack In The Box Inc. $JACK

Key Points

• Windward Management LP acquired 182,404 Jack In The Box shares worth approximately $2.88 million, representing about 0.96% of the company and making it the firm’s seventh-largest holding.
• Institutional investors own approximately 99.79% of JACK, while analysts maintain a consensus “Hold” rating with an average price target of $17.22.
• Jack In The Box exceeded quarterly EPS expectations ($0.96 versus $0.88), but revenue fell 22.6% year over year to $257.66 million, below estimates.

Windward Management LP acquired a new stake in shares of Jack In The Box Inc. (NASDAQ:JACK - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 182,404 shares of the restaurant operator's stock, valued at approximately $2,883,807. Jack In The Box makes up 0.0% of Windward Management LP's holdings, making the stock its 7th biggest position. Windward Management LP owned approximately 0.96% of Jack In The Box as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JACK. US Bancorp DE lifted its holdings in shares of 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 worth $28,000 after purchasing an additional 698 shares during the period. Allworth Financial LP lifted its holdings in shares of Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 1,126 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position 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 worth $35,000 after purchasing an additional 1,802 shares during the last quarter. Legal & General Group Plc acquired a new position in Jack In The Box during the second quarter worth $30,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Jack In The Box during the second quarter valued at approximately $48,000. Hedge funds and other institutional investors own 99.79% of the company's stock.

Wall Street Analysts Forecast Growth

JACK has been the topic of a number of recent research reports. Sanford C. Bernstein set a $15.00 price target on shares of Jack In The Box in a research report on Thursday, May 14th. Wall Street Zen upgraded Jack In The Box from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $16.00 target price on shares of Jack In The Box in a research report on Thursday, August 13th. Guggenheim downgraded Jack In The Box from a "buy" rating to a "neutral" rating in a research note on Thursday, May 28th. Finally, Barclays dropped their price target on shares of 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. Three 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $17.22.

Jack In The Box Price Performance

Shares of JACK stock traded up $0.29 during trading hours on Friday, hitting $16.19. The stock had a trading volume of 416,265 shares, compared to its average volume of 841,751. Jack In The Box Inc. has a one year low of $8.91 and a one year high of $23.86. The stock's 50-day moving average price is $15.91 and its two-hundred day moving average price is $14.25. The stock has a market capitalization of $310.52 million, a price-to-earnings ratio of 9.36, a PEG ratio of 0.98 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 in the prior year, the business earned $1.02 earnings per share. The business's revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts predict that Jack In The Box Inc. will post 3.14 earnings per share for the current fiscal 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.