Callodine Capital Management LP Has $33.52 Million Stake in Jack In The Box Inc. $JACK

Callodine Capital Management LP raised its stake in Jack In The Box Inc. (NASDAQ:JACK) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,695,504 shares of the restaurant operator’s stock after purchasing an additional 75,572 shares during the period. Jack In The Box accounts for approximately 2.9% of Callodine Capital Management LP’s investment portfolio, making the stock its 10th biggest position. Callodine Capital Management LP owned approximately 8.98% of Jack In The Box worth $33,520,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of JACK. GAMMA Investing LLC grew its holdings in Jack In The Box by 165.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 836 shares in the last quarter. US Bancorp DE increased its position in Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares during the period. Quent Capital LLC acquired a new stake in Jack In The Box in the 3rd quarter worth about $42,000. Hantz Financial Services Inc. raised its holdings in Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 2,824 shares during the period. 99.79% of the stock is owned by institutional investors.

Insider Activity at Jack In The Box

In other Jack In The Box news, CEO Lance F. Tucker sold 3,150 shares of the business’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total value of $68,764.50. Following the transaction, the chief executive officer directly owned 204,068 shares of the company’s stock, valued at approximately $4,454,804.44. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders sold 4,681 shares of company stock worth $99,004. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

JACK has been the subject of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Jack In The Box in a research note on Tuesday, December 9th. Sanford C. Bernstein set a $23.00 price objective on shares of Jack In The Box in a research note on Thursday, February 19th. Citigroup raised their target price on shares of Jack In The Box from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Oppenheimer dropped their target price on shares of Jack In The Box from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Finally, Barclays increased their price target on shares of Jack In The Box from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.72.

Jack In The Box Price Performance

Jack In The Box stock opened at $12.66 on Friday. The business has a 50 day moving average of $19.44 and a 200-day moving average of $18.76. The company has a market capitalization of $241.05 million, a P/E ratio of -2.06, a P/E/G ratio of 0.67 and a beta of 1.16. Jack In The Box Inc. has a 1 year low of $12.30 and a 1 year high of $32.51.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). The company had revenue of $349.52 million during the quarter, compared to analyst estimates of $355.73 million. Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.Jack In The Box’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.86 earnings per share. Equities analysts anticipate that Jack In The Box Inc. will post 5.33 EPS for the current year.

About Jack In The Box

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.