Voya Investment Management LLC increased its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 796,430 shares of the restaurant operator’s stock after purchasing an additional 50,663 shares during the quarter. Voya Investment Management LLC’s holdings in Jack in the Box were worth $67,793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rhumbline Advisers grew its stake in shares of Jack in the Box by 1.2% in the second quarter. Rhumbline Advisers now owns 61,408 shares of the restaurant operator’s stock worth $5,227,000 after purchasing an additional 705 shares during the last quarter. First Trust Advisors LP lifted its holdings in Jack in the Box by 27.7% in the second quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock worth $303,000 after buying an additional 772 shares during the period. 6 Meridian lifted its holdings in Jack in the Box by 19.4% in the first quarter. 6 Meridian now owns 5,556 shares of the restaurant operator’s stock worth $474,000 after buying an additional 901 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Jack in the Box by 8.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 13,039 shares of the restaurant operator’s stock worth $1,110,000 after buying an additional 1,050 shares during the period. Finally, Swiss National Bank lifted its holdings in Jack in the Box by 2.4% in the first quarter. Swiss National Bank now owns 51,300 shares of the restaurant operator’s stock worth $4,377,000 after buying an additional 1,200 shares during the period. 98.86% of the stock is currently owned by institutional investors.

In other news, CEO Leonard A. Comma sold 78,719 shares of Jack in the Box stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $90.74, for a total transaction of $7,142,962.06. Following the completion of the transaction, the chief executive officer now directly owns 235,832 shares in the company, valued at $21,399,395.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Paul D. Melancon sold 1,125 shares of Jack in the Box stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $90.00, for a total transaction of $101,250.00. Following the transaction, the senior vice president now owns 5,002 shares of the company’s stock, valued at $450,180. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

JACK has been the subject of several research analyst reports. Wedbush restated a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a report on Thursday, May 17th. SunTrust Banks raised their price objective on shares of Jack in the Box to $100.00 and gave the stock a “buy” rating in a report on Friday, May 18th. BidaskClub lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Cowen restated a “hold” rating and issued a $94.00 price objective on shares of Jack in the Box in a report on Thursday, August 9th. Finally, ValuEngine upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $105.50.

Shares of JACK stock traded down $0.70 during trading hours on Monday, hitting $86.68. 27,565 shares of the company’s stock traded hands, compared to its average volume of 475,053. Jack in the Box Inc. has a 12-month low of $79.23 and a 12-month high of $108.55. The firm has a market capitalization of $2.38 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 1.63 and a beta of 0.43. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.82 and a current ratio of 0.83.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 8th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.12. Jack in the Box had a net margin of 13.10% and a negative return on equity of 26.21%. The firm had revenue of $187.98 million during the quarter, compared to analyst estimates of $185.05 million. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue was down 23.6% on a year-over-year basis. sell-side analysts forecast that Jack in the Box Inc. will post 3.89 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. Jack in the Box’s payout ratio is 41.24%.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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