Ameriprise Financial Inc. boosted its holdings in shares of Jack In The Box Inc. (NASDAQ:JACK) by 57.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 137,738 shares of the restaurant operator’s stock after purchasing an additional 50,287 shares during the quarter. Ameriprise Financial Inc. owned about 0.47% of Jack In The Box worth $13,568,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Airain ltd bought a new stake in Jack In The Box during the 2nd quarter valued at approximately $1,875,000. Schwab Charles Investment Management Inc. boosted its stake in Jack In The Box by 8.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 208,306 shares of the restaurant operator’s stock valued at $21,189,000 after purchasing an additional 15,955 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in Jack In The Box during the 1st quarter valued at approximately $273,000. Dynamic Technology Lab Private Ltd bought a new stake in Jack In The Box during the 1st quarter valued at approximately $313,000. Finally, Oppenheimer & Co. Inc. boosted its stake in Jack In The Box by 804.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 32,267 shares of the restaurant operator’s stock valued at $3,282,000 after purchasing an additional 28,700 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Several analysts recently weighed in on JACK shares. TheStreet upgraded Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. Bank of America Corporation restated a “buy” rating and set a $118.00 target price (down previously from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Jack In The Box in a report on Thursday, July 27th. Wedbush reaffirmed a “buy” rating on shares of Jack In The Box in a report on Friday, August 11th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price target on shares of Jack In The Box in a report on Tuesday, September 19th. One equities research 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. Jack In The Box currently has a consensus rating of “Buy” and an average price target of $114.15.

WARNING: “Jack In The Box Inc. (JACK) Position Increased by Ameriprise Financial Inc.” was posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was illegally copied and republished in violation of international trademark & copyright law. The legal version of this article can be accessed at https://www.watchlistnews.com/jack-in-the-box-inc-jack-position-increased-by-ameriprise-financial-inc/1616956.html.

Jack In The Box Inc. (JACK) opened at 102.02 on Friday. Jack In The Box Inc. has a one year low of $90.89 and a one year high of $113.30. The firm has a market capitalization of $3.00 billion, a PE ratio of 23.54 and a beta of 0.58. The stock has a 50 day moving average price of $96.78 and a 200-day moving average price of $99.51.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by ($0.06). The company had revenue of $357.80 million during the quarter, compared to the consensus estimate of $360.84 million. Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.07 earnings per share. On average, equities analysts forecast that Jack In The Box Inc. will post $4.05 earnings per share for the current year.

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.

Want to see what other hedge funds are holding JACK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack In The Box Inc. (NASDAQ:JACK).

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.