Northwestern Mutual Investment Management Company LLC cut its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 6.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,618 shares of the company’s stock after selling 366 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Jack In The Box were worth $483,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Seven Eight Capital LLC boosted its position in shares of Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock worth $155,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock worth $171,000 after buying an additional 738 shares during the last quarter. Mount Lucas Management LP boosted its position in shares of Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock worth $205,000 after buying an additional 312 shares during the last quarter. Capstone Asset Management Co. purchased a new position in shares of Jack In The Box during the second quarter worth approximately $224,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Jack In The Box during the second quarter worth approximately $229,000. 98.86% of the stock is currently owned by hedge funds and other institutional investors.

Jack In The Box Inc. (NASDAQ:JACK) opened at 99.34 on Monday. Jack In The Box Inc. has a 1-year low of $61.78 and a 1-year high of $102.63. The firm’s 50-day moving average price is $96.62 and its 200-day moving average price is $80.73. The firm has a market cap of $3.25 billion, a P/E ratio of 30.21 and a beta of 0.45.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.20. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The business earned $368.94 million during the quarter, compared to analyst estimates of $367.52 million. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up 2.6% on a year-over-year basis. Equities research analysts anticipate that Jack In The Box Inc. will post $3.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Tuesday, August 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, August 12th. Jack In The Box’s dividend payout ratio (DPR) is 36.36%.

Several brokerages recently issued reports on JACK. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $90.50 target price (up from $82.50) on shares of Jack In The Box in a research report on Thursday, August 4th. Robert W. Baird reaffirmed an “outperform” rating on shares of Jack In The Box in a research report on Thursday, September 8th. Jefferies Group raised their target price on Jack In The Box from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. TheStreet raised Jack In The Box from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Finally, Wedbush reaffirmed an “outperform” rating and set a $115.00 target price (up from $110.00) on shares of Jack In The Box in a research report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $99.11.

In other news, CEO Leonard A. Comma sold 67,572 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $96.68, for a total transaction of $6,532,860.96. Following the completion of the transaction, the chief executive officer now directly owns 164,710 shares of the company’s stock, valued at $15,924,162.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Keith M. Guilbault sold 1,925 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $96.59, for a total transaction of $185,935.75. Following the transaction, the insider now directly owns 16,521 shares of the company’s stock, valued at $1,595,763.39. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

About Jack In The Box

Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

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