UBS Group AG Trims Stock Holdings in Jack In The Box Inc. $JACK

UBS Group AG reduced its stake in Jack In The Box Inc. (NASDAQ:JACK) by 47.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 267,274 shares of the restaurant operator’s stock after selling 243,171 shares during the period. UBS Group AG’s holdings in Jack In The Box were worth $5,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Callodine Capital Management LP raised its holdings in Jack In The Box by 4.7% in the 3rd quarter. Callodine Capital Management LP now owns 1,695,504 shares of the restaurant operator’s stock valued at $33,520,000 after buying an additional 75,572 shares during the period. Marshall Wace LLP raised its holdings in Jack In The Box by 192.9% in the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after buying an additional 490,071 shares during the period. JPMorgan Chase & Co. raised its holdings in Jack In The Box by 45.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock valued at $7,697,000 after buying an additional 121,752 shares during the period. Earnest Partners LLC raised its holdings in Jack In The Box by 5.9% in the 3rd quarter. Earnest Partners LLC now owns 312,842 shares of the restaurant operator’s stock valued at $6,185,000 after buying an additional 17,300 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Jack In The Box by 519.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock valued at $4,773,000 after buying an additional 202,469 shares during the period. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JACK has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 14th. Piper Sandler boosted their price target on shares of Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. TD Cowen cut their price target on shares of Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Finally, Oppenheimer cut their price target on shares of Jack In The Box from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Jack In The Box has a consensus rating of “Hold” and an average price target of $15.84.

Jack In The Box Price Performance

Shares of NASDAQ:JACK opened at $11.35 on Friday. The firm has a market capitalization of $216.44 million, a PE ratio of 6.14, a price-to-earnings-growth ratio of 0.61 and a beta of 1.45. The firm’s 50-day moving average is $11.87 and its two-hundred day moving average is $16.50. Jack In The Box Inc. has a 1 year low of $8.91 and a 1 year high of $25.34.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $254.26 million for the quarter, compared to analyst estimates 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 for the quarter was down 24.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Analysts expect that Jack In The Box Inc. will post 3.43 EPS for the current fiscal year.

Jack In The Box 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.