Envestnet Asset Management Inc. Sells 15,586 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Envestnet Asset Management Inc. trimmed its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 25.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,150 shares of the restaurant operator’s stock after selling 15,586 shares during the period. Envestnet Asset Management Inc. owned 0.22% of Jack in the Box worth $4,501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ancora Advisors LLC bought a new stake in shares of Jack in the Box during the 1st quarter valued at $25,000. Advisors Asset Management Inc. raised its position in shares of Jack in the Box by 102.6% during the 4th quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 237 shares during the period. Tower Research Capital LLC TRC increased its holdings in Jack in the Box by 45.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 195 shares during the last quarter. Captrust Financial Advisors increased its holdings in Jack in the Box by 136.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,512 shares of the restaurant operator’s stock valued at $85,000 after acquiring an additional 872 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of Jack in the Box in the 2nd quarter worth about $112,000. 99.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Morgan Stanley lowered their price objective on shares of Jack in the Box from $99.00 to $80.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. TD Cowen restated a “market perform” rating and set a $101.00 price target on shares of Jack in the Box in a research report on Wednesday, September 20th. StockNews.com initiated coverage on shares of Jack in the Box in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. UBS Group reduced their target price on shares of Jack in the Box from $97.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, November 16th. Finally, Stifel Nicolaus reduced their target price on shares of Jack in the Box from $98.00 to $88.00 and set a “hold” rating on the stock in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Jack in the Box has an average rating of “Hold” and an average target price of $91.00.

Jack in the Box Stock Down 2.2 %

NASDAQ JACK opened at $68.44 on Tuesday. Jack in the Box Inc. has a 52 week low of $60.43 and a 52 week high of $99.56. The stock has a market capitalization of $1.38 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 0.84 and a beta of 1.74. The firm has a 50 day moving average of $66.99 and a two-hundred day moving average of $82.12.

Jack in the Box Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. The company was founded in 1951 and is headquartered in San Diego, California.