Texas Permanent School Fund cut its position in Jack In The Box Inc. (NASDAQ:JACK) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,478 shares of the restaurant operator’s stock after selling 1,431 shares during the period. Texas Permanent School Fund’s holdings in Jack In The Box were worth $2,116,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Glen Harbor Capital Management LLC boosted its position in 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 in the last quarter. Tyers Asset Management LLC boosted its position in 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 in the last quarter. Flinton Capital Management LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock worth $205,000 after buying an additional 28 shares in the last quarter. Neuburgh Advisers LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 2,448 shares of the restaurant operator’s stock worth $249,000 after buying an additional 34 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in Jack In The Box by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,626 shares of the restaurant operator’s stock worth $267,000 after buying an additional 67 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.

Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 97.05 on Friday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.39 and a beta of 0.57. Jack In The Box Inc. has a 12-month low of $91.02 and a 12-month high of $113.30. The company’s 50-day moving average is $95.67 and its 200-day moving average is $101.16.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the consensus estimate of $1.05 by $0.06. The firm had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $360.84 million. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. Analysts predict that Jack In The Box Inc. will post $4.11 EPS 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 paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.65%. 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 equities analysts have commented on the stock. Telsey Advisory Group cut shares of Jack In The Box from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $125.00 to $118.00 in a research note on Thursday, May 18th. Robert W. Baird cut their price objective on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday. Barclays PLC cut their price objective on shares of Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Jack In The Box in a research note on Thursday. Finally, Wedbush reaffirmed a “buy” rating on shares of Jack In The Box in a research note on Friday. One 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. Jack In The Box has an average rating of “Buy” and a consensus target price of $114.85.

In other Jack In The Box news, EVP Phillip H. Rudolph sold 6,908 shares of Jack In The Box stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by insiders.

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

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