Comerica Bank grew its holdings in shares of Jack In The Box Inc. (NASDAQ:JACK) by 21.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 111,255 shares of the restaurant operator’s stock after purchasing an additional 19,703 shares during the period. Comerica Bank owned approximately 0.38% of Jack In The Box worth $11,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp grew its holdings in Jack In The Box by 0.3% during the second quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock worth $104,850,000 after acquiring an additional 3,496 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in Jack In The Box by 60.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after acquiring an additional 321,825 shares during the period. Dimensional Fund Advisors LP grew its holdings in Jack In The Box by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock worth $73,497,000 after acquiring an additional 8,434 shares during the period. Koch Industries Inc. acquired a new position in Jack In The Box during the second quarter worth about $568,000. Finally, Bain Capital Public Equity Management LLC acquired a new position in Jack In The Box during the second quarter worth about $54,752,000. 96.90% of the stock is currently owned by institutional investors.

In related news, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now directly owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Shares of Jack In The Box Inc. (NASDAQ JACK) traded up $0.45 during mid-day trading on Friday, hitting $104.44. The company had a trading volume of 370,400 shares, compared to its average volume of 639,714. The company has a debt-to-equity ratio of -2.56, a current ratio of 0.66 and a quick ratio of 0.63. Jack In The Box Inc. has a 1-year low of $90.89 and a 1-year high of $113.30. The company has a market cap of $3,080.00, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.58 and a beta of 0.52.

TRADEMARK VIOLATION NOTICE: “Comerica Bank Has $11.50 Million Holdings in Jack In The Box Inc. (JACK)” was reported by Watch List News and is the sole property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/comerica-bank-has-11-50-million-holdings-in-jack-in-the-box-inc-jack/1709531.html.

A number of research analysts recently issued reports on JACK shares. Wells Fargo & Company reaffirmed an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a report on Thursday, August 3rd. BidaskClub upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. TheStreet lowered Jack In The Box from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Stifel Nicolaus began coverage on Jack In The Box in a research report on Monday, October 2nd. They issued a “hold” rating and a $105.00 price target for the company. Finally, Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. Jack In The Box presently has a consensus rating of “Buy” and a consensus target price of $113.15.

Jack In The Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Institutional Ownership by Quarter for Jack In The Box (NASDAQ:JACK)

Receive News & Ratings for Jack In The Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack In The Box Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.