Access Investment Management LLC Has $820,000 Holdings in Jack In The Box Inc. $JACK

Access Investment Management LLC decreased its position in Jack In The Box Inc. (NASDAQ:JACK) by 77.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,455 shares of the restaurant operator’s stock after selling 142,255 shares during the period. Access Investment Management LLC owned approximately 0.22% of Jack In The Box worth $820,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Royal Bank of Canada increased its holdings in Jack In The Box by 5.9% in the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after purchasing an additional 671 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Jack In The Box by 206.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock worth $162,000 after buying an additional 11,567 shares during the period. Woodline Partners LP increased its stake in shares of Jack In The Box by 63.8% in the 1st quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator’s stock valued at $4,546,000 after acquiring an additional 65,142 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 acquiring an additional 836 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Jack In The Box during the 3rd quarter valued at $65,000. Institutional investors own 99.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on JACK. Northcoast Research upgraded Jack In The Box from a “sell” rating to a “neutral” rating in a research note on Friday, November 21st. Sanford C. Bernstein set a $20.00 price target on Jack In The Box in a report on Wednesday, January 7th. Bank of America began coverage on Jack In The Box in a report on Monday, October 13th. They set a “buy” rating and a $22.00 price objective for the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a research report on Thursday, January 22nd. Finally, UBS Group increased their target price on Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Five analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Jack In The Box presently has an average rating of “Hold” and a consensus price target of $25.20.

Insider Activity at Jack In The Box

In other news, CEO Lance F. Tucker acquired 5,000 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average cost of $17.29 per share, for a total transaction of $86,450.00. Following the acquisition, the chief executive officer owned 84,555 shares of the company’s stock, valued at $1,461,955.95. This trade represents a 6.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Carl Mount sold 1,393 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $19.00, for a total value of $26,467.00. Following the completion of the sale, the senior vice president directly owned 19,300 shares of the company’s stock, valued at approximately $366,700. This represents a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 12,616 shares of company stock valued at $249,874 in the last ninety days. Insiders own 1.40% of the company’s stock.

Jack In The Box Stock Up 1.8%

Jack In The Box stock opened at $20.97 on Friday. The firm has a 50 day moving average price of $20.31 and a 200-day moving average price of $19.21. Jack In The Box Inc. has a twelve month low of $13.99 and a twelve month high of $44.15. The company has a market capitalization of $400.53 million, a P/E ratio of -4.91, a P/E/G ratio of 1.04 and a beta of 1.13.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The firm had revenue of $326.19 million during the quarter, compared to the consensus estimate of $324.23 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The company’s revenue was down 6.6% on a year-over-year basis. Equities analysts expect that Jack In The Box Inc. will post 5.33 EPS for the current fiscal year.

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.