SG Americas Securities LLC Increases Position in Jack In The Box Inc. $JACK

SG Americas Securities LLC increased its position in Jack In The Box Inc. (NASDAQ:JACK) by 1,990.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,457 shares of the restaurant operator’s stock after acquiring an additional 111,838 shares during the period. SG Americas Securities LLC owned approximately 0.62% of Jack In The Box worth $2,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares during the last quarter. US Bancorp DE raised its stake in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Jack In The Box during the third quarter worth about $42,000. Hantz Financial Services Inc. boosted its position in Jack In The Box by 136.0% in the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 1,336 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Jack In The Box by 882.5% in the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 2,824 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on JACK. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a research note on Thursday, January 22nd. The Goldman Sachs Group increased their price objective on shares of Jack In The Box from $15.00 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Mizuho reduced their target price on shares of Jack In The Box from $18.00 to $11.00 and set a “neutral” rating for the company in a report on Thursday. Barclays boosted their target price on shares of Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Finally, Wall Street Zen raised Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Four investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.78.

Jack In The Box Price Performance

JACK stock opened at $9.99 on Friday. Jack In The Box Inc. has a 52-week low of $8.91 and a 52-week high of $29.40. The firm has a market cap of $190.21 million, a P/E ratio of -1.62, a PEG ratio of 0.55 and a beta of 1.32. The company’s 50-day simple moving average is $16.12 and its 200-day simple moving average is $17.89.

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

Insider Activity at Jack In The Box

In other news, CEO Lance F. Tucker sold 3,150 shares of the company’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 transaction of $68,764.50. Following the completion of the transaction, the chief executive officer directly owned 204,068 shares of the company’s stock, valued at $4,454,804.44. This represents a 1.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Jack In The Box Company Profile

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.