Jack in the Box Inc. (NASDAQ:JACK) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Jack in the Box Inc. (NASDAQ:JACKGet Rating) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,501 shares of the restaurant operator’s stock after acquiring an additional 675 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.29% of Jack in the Box worth $3,392,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new stake in shares of Jack in the Box in the first quarter valued at $25,000. Gladius Capital Management LP grew its position in shares of Jack in the Box by 17.1% in the first quarter. Gladius Capital Management LP now owns 970 shares of the restaurant operator’s stock valued at $91,000 after purchasing an additional 142 shares during the period. FinTrust Capital Advisors LLC grew its position in shares of Jack in the Box by 577.3% in the first quarter. FinTrust Capital Advisors LLC now owns 1,314 shares of the restaurant operator’s stock valued at $123,000 after purchasing an additional 1,120 shares during the period. First Horizon Advisors Inc. grew its position in shares of Jack in the Box by 8,390.0% in the second quarter. First Horizon Advisors Inc. now owns 1,698 shares of the restaurant operator’s stock valued at $94,000 after purchasing an additional 1,678 shares during the period. Finally, KBC Group NV purchased a new stake in shares of Jack in the Box in the second quarter valued at $103,000. 99.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on JACK. Cowen boosted their price target on Jack in the Box from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Thursday, August 11th. Wedbush boosted their price target on Jack in the Box from $95.00 to $115.00 and gave the company an “outperform” rating in a research report on Monday, September 12th. They noted that the move was a valuation call. The Goldman Sachs Group boosted their price target on Jack in the Box from $85.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Cowen boosted their price objective on Jack in the Box from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, August 11th. Finally, Barclays boosted their price objective on Jack in the Box from $69.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Jack in the Box has an average rating of “Hold” and an average price target of $91.04.

Jack in the Box Stock Down 0.3 %

Shares of NASDAQ JACK opened at $84.75 on Tuesday. The stock’s 50 day moving average price is $81.13 and its two-hundred day moving average price is $75.13. Jack in the Box Inc. has a 52-week low of $54.80 and a 52-week high of $102.05. The stock has a market capitalization of $1.78 billion, a P/E ratio of 16.62, a PEG ratio of 0.76 and a beta of 1.66.

Jack in the Box Company Profile

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Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

See Also

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

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