Jack In The Box Inc. (NASDAQ:JACK) was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 1,939,600 shares, an increase of 50.1% from the July 31st total of 1,292,018 shares. Based on an average daily volume of 894,169 shares, the days-to-cover ratio is currently 2.2 days. Approximately 6.7% of the shares of the company are short sold.

A number of hedge funds and other institutional investors have recently made changes to their positions in JACK. FNY Managed Accounts LLC purchased a new position in shares of Jack In The Box during the first quarter worth approximately $108,000. Glen Harbor Capital Management LLC raised its position in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares during the last quarter. Royal Bank of Canada raised its position in shares of Jack In The Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after buying an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Jack In The Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after buying an additional 601 shares during the last quarter. Finally, Tyers Asset Management LLC raised its position in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $161,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.

Jack In The Box (NASDAQ JACK) opened at 93.75 on Thursday. The stock has a market cap of $2.76 billion, a PE ratio of 21.63 and a beta of 0.57. Jack In The Box has a 52-week low of $91.02 and a 52-week high of $113.30. The firm has a 50-day moving average price of $95.24 and a 200 day moving average price of $100.40.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.06. The firm 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 firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.07 earnings per share. Equities analysts anticipate that Jack In The Box will post $4.06 earnings per share for the current year.

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

Several brokerages recently weighed in on JACK. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a report on Monday, June 5th. Morgan Stanley reaffirmed an “overweight” rating and set a $126.00 price target on shares of Jack In The Box in a report on Tuesday, June 6th. Telsey Advisory Group downgraded Jack In The Box from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $125.00 to $118.00 in a report on Thursday, May 18th. Wells Fargo & Co raised Jack In The Box from a “market perform” rating to an “outperform” rating and set a $125.00 price target for the company in a report on Friday, June 2nd. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $118.00 price target (down from $120.00) on shares of Jack In The Box in a report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $114.85.

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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.

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