Nantahala Capital Management LLC Invests $27.33 Million in Jack In The Box Inc. $JACK

Nantahala Capital Management LLC acquired a new stake in Jack In The Box Inc. (NASDAQ:JACK) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,728,659 shares of the restaurant operator’s stock, valued at approximately $27,330,099. Jack In The Box comprises 0.0% of Nantahala Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Nantahala Capital Management LLC owned about 9.06% of Jack In The Box at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Windward Management LP acquired a new stake in shares of Jack In The Box during the second quarter worth about $2,883,807. Public Employees Retirement System of Ohio purchased a new stake in shares of Jack In The Box during the second quarter worth approximately $48,000. Bank of America Corp DE purchased a new position in Jack In The Box during the 2nd quarter worth $18,409,000. Biglari Sardar purchased a new position in Jack In The Box during the second quarter worth about $3,171,755. Finally, Biglari Capital CORP. acquired a new stake in shares of Jack In The Box in the 2nd quarter valued at approximately $26,618,538. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack In The Box Stock Up 1.8%

Shares of JACK opened at $16.19 on Friday. Jack In The Box Inc. has a 52-week low of $8.91 and a 52-week high of $23.86. The firm has a market cap of $310.52 million, a price-to-earnings ratio of 9.36, a PEG ratio of 0.95 and a beta of 1.38. The business’s 50 day moving average is $15.98 and its two-hundred day moving average is $14.26.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. The company had revenue of $257.66 million during the quarter, compared to analyst estimates of $264.60 million. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The firm’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period last year, the business earned $1.02 EPS. On average, equities analysts expect that Jack In The Box Inc. will post 3.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JACK has been the topic of a number of research analyst reports. Oppenheimer decreased their price objective on shares of Jack In The Box from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. The Goldman Sachs Group decreased their price objective on Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Jack In The Box in a research note on Tuesday, August 11th. Mizuho upped their price objective on shares of Jack In The Box from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, Barclays dropped their price objective on Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Jack In The Box has a consensus rating of “Hold” and a consensus price target of $17.22.

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.