Trexquant Investment LP Has $10.59 Million Stake in Jack in the Box Inc. (NASDAQ:JACK)

Trexquant Investment LP raised its stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 840.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 129,763 shares of the restaurant operator's stock after purchasing an additional 115,972 shares during the period. Trexquant Investment LP owned 0.66% of Jack in the Box worth $10,593,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box in the third quarter valued at approximately $93,000. Quadrant Capital Group LLC boosted its holdings in shares of Jack in the Box by 21.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator's stock valued at $126,000 after acquiring an additional 276 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of Jack in the Box by 16,893.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,549 shares of the restaurant operator's stock valued at $176,000 after acquiring an additional 2,534 shares during the period. Axxcess Wealth Management LLC acquired a new stake in shares of Jack in the Box in the third quarter valued at approximately $220,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Jack in the Box by 17.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the restaurant operator's stock valued at $298,000 after acquiring an additional 635 shares during the period. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box Trading Down 3.1 %

Shares of NASDAQ JACK traded down $1.66 on Tuesday, reaching $52.45. 547,181 shares of the company traded hands, compared to its average volume of 472,291. Jack in the Box Inc. has a fifty-two week low of $52.01 and a fifty-two week high of $99.56. The company has a 50 day moving average of $61.11 and a 200 day moving average of $70.65. The stock has a market capitalization of $1.02 billion, a PE ratio of 9.23, a P/E/G ratio of 0.73 and a beta of 1.81.

Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.43 by $0.03. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The company had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. During the same quarter in the prior year, the company posted $1.47 EPS. The company's quarterly revenue was down 7.7% compared to the same quarter last year. As a group, research analysts expect that Jack in the Box Inc. will post 6.32 earnings per share for the current year.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, June 5th. Jack in the Box's payout ratio is currently 30.99%.

Insider Transactions at Jack in the Box

In other news, Director Michael W. Murphy sold 1,332 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the sale, the director now owns 71,035 shares in the company, valued at approximately $5,155,720.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JACK. Loop Capital decreased their price objective on Jack in the Box from $118.00 to $112.00 and set a "buy" rating for the company in a report on Wednesday, May 15th. Northcoast Research upgraded shares of Jack in the Box from a "neutral" rating to a "buy" rating and set a $95.00 price objective on the stock in a research report on Monday, January 29th. Morgan Stanley lowered their price objective on shares of Jack in the Box from $75.00 to $70.00 and set an "equal weight" rating on the stock in a research report on Wednesday, May 15th. TD Cowen reiterated a "hold" rating and issued a $73.00 price objective on shares of Jack in the Box in a research report on Tuesday, May 14th. Finally, Wedbush lowered their price objective on shares of Jack in the Box from $78.00 to $68.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 15th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Jack in the Box currently has a consensus rating of "Hold" and an average price target of $78.00.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.