Invenomic Capital Management LP Decreases Position in Jack In The Box Inc. $JACK

Invenomic Capital Management LP lowered its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 21.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 568,079 shares of the restaurant operator’s stock after selling 155,068 shares during the period. Invenomic Capital Management LP’s holdings in Jack In The Box were worth $10,765,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. US Bancorp DE increased its stake in shares of Jack In The Box by 96.7% during the 3rd 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 last quarter. Allworth Financial LP increased its stake 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 purchasing an additional 1,126 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Jack In The Box by 3,604.0% during 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. Russell Investments Group Ltd. increased its stake in shares of Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 2,824 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Jack In The Box by 179.3% during the 4th quarter. CWM LLC now owns 6,006 shares of the restaurant operator’s stock worth $114,000 after purchasing an additional 3,856 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack In The Box Trading Down 1.8%

Jack In The Box stock opened at $12.40 on Thursday. Jack In The Box Inc. has a 1-year low of $8.91 and a 1-year high of $25.34. The firm has a market capitalization of $236.47 million, a price-to-earnings ratio of 6.70, a P/E/G ratio of 0.70 and a beta of 1.44. The firm has a 50 day simple moving average of $12.26 and a 200 day simple moving average of $15.95.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data 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. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. The business had revenue of $254.26 million during the quarter, compared to analyst estimates of $256.55 million. During the same period in the previous year, the business earned $1.20 EPS. Jack In The Box’s revenue was down 24.5% compared to the same quarter last year. On average, equities research analysts forecast that Jack In The Box Inc. will post 3.41 EPS for the current year.

Insider Buying and Selling

In other news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was purchased at an average cost of $11.51 per share, with a total value of $68,622.62. Following the acquisition, the director directly owned 20,692 shares in the company, valued at approximately $238,164.92. This trade represents a 40.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Morgan Stanley reduced their price objective on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Sanford C. Bernstein set a $15.00 price objective on shares of Jack In The Box in a research note on Thursday, May 14th. Barclays reduced their price objective on shares of Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, May 14th. Mizuho lifted their price objective on shares of Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Weiss Ratings upgraded shares of Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.84.

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.