Great West Life Assurance Co. Can reduced its position in shares of Jack In The Box Inc. (NASDAQ:JACK) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,657 shares of the restaurant operator’s stock after selling 884 shares during the period. Great West Life Assurance Co. Can owned about 0.06% of Jack In The Box worth $1,739,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JACK. BlackRock Inc. boosted its position in shares of Jack In The Box by 20,582.3% in the first quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock worth $333,074,000 after buying an additional 3,258,594 shares during the period. FMR LLC boosted its position in shares of Jack In The Box by 72.6% in the first quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock worth $130,542,000 after buying an additional 539,805 shares during the period. State Street Corp boosted its position in shares of Jack In The Box by 2.0% in the first quarter. State Street Corp now owns 1,060,981 shares of the restaurant operator’s stock worth $107,920,000 after buying an additional 20,786 shares during the period. Credit Suisse AG boosted its position in shares of Jack In The Box by 514.2% in the first quarter. Credit Suisse AG now owns 943,680 shares of the restaurant operator’s stock worth $95,990,000 after buying an additional 790,044 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Jack In The Box by 2.3% in the first quarter. AQR Capital Management LLC now owns 555,430 shares of the restaurant operator’s stock worth $56,498,000 after buying an additional 12,645 shares during the period. Institutional investors own 94.95% of the company’s stock.

Jack In The Box Inc. (JACK) opened at 93.38 on Tuesday. The stock’s 50 day moving average is $95.24 and its 200-day moving average is $100.40. Jack In The Box Inc. has a one year low of $91.02 and a one year high of $113.30. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 21.55 and a beta of 0.57.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same quarter in the previous year, the company earned $1.07 earnings per share. The firm’s revenue was down 3.0% on a year-over-year basis. On average, equities research analysts expect that Jack In The Box Inc. will post $4.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.71%. The ex-dividend date is Friday, August 18th. Jack In The Box’s payout ratio is 36.70%.

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A number of brokerages recently issued reports on JACK. Telsey Advisory Group cut shares of Jack In The Box from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $125.00 to $118.00 in a research note on Thursday, May 18th. Robert W. Baird decreased their price objective on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 8th. Barclays PLC decreased their price objective on shares of Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 10th. Wedbush reissued a “buy” rating on shares of Jack In The Box in a research note on Friday, August 11th. Finally, TheStreet raised shares of Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $114.85.

About Jack In The Box

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)

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