107,821 Shares in Jack In The Box Inc. $JACK Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of Jack In The Box Inc. (NASDAQ:JACK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 107,821 shares of the restaurant operator’s stock, valued at approximately $2,043,000. Assenagon Asset Management S.A. owned about 0.57% of Jack In The Box as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Marshall Wace LLP lifted its position in shares of Jack In The Box by 192.9% during the third quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after purchasing an additional 490,071 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Jack In The Box by 519.5% during the third quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock valued at $4,773,000 after purchasing an additional 202,469 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of Jack In The Box by 186.4% in the third quarter. Two Sigma Investments LP now owns 236,606 shares of the restaurant operator’s stock valued at $4,678,000 after purchasing an additional 154,002 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Jack In The Box by 535.1% in the third quarter. Millennium Management LLC now owns 152,138 shares of the restaurant operator’s stock valued at $3,008,000 after purchasing an additional 128,182 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Jack In The Box by 45.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock worth $7,697,000 after purchasing an additional 121,752 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack In The Box Stock Performance

Shares of JACK stock opened at $9.40 on Tuesday. The firm’s 50 day moving average price is $17.03 and its two-hundred day moving average price is $18.14. Jack In The Box Inc. has a 52-week low of $9.32 and a 52-week high of $29.40. The stock has a market cap of $178.98 million, a PE ratio of -1.53, a PEG ratio of 0.50 and a beta of 1.16.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.10). The business had revenue of $349.52 million for the quarter, compared to the consensus estimate 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%. The business’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.86 EPS. As a group, sell-side analysts predict that Jack In The Box Inc. will post 5.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citigroup upped their price objective on Jack In The Box from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $25.00 target price on shares of Jack In The Box in a research note on Tuesday, December 9th. Zacks Research upgraded Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Mizuho set a $20.00 price target on Jack In The Box in a research note on Thursday, February 12th. Finally, Barclays raised their price target on Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Four investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.72.

Insider Buying and Selling

In other Jack In The Box news, CEO Lance F. Tucker sold 3,150 shares of the stock in a transaction dated 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 owned 204,068 shares of the company’s stock, valued at approximately $4,454,804.44. This represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.