Credit Agricole S A Has $582,000 Stake in Jack in the Box Inc. (JACK)

Credit Agricole S A continued to hold its position in shares of Jack in the Box Inc. (NASDAQ:JACK) during the fourth quarter, Holdings Channel reports. The firm owned 5,211 shares of the company’s stock at the end of the fourth quarter. Credit Agricole S A’s holdings in Jack in the Box were worth $582,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Highland Capital Management LP bought a new position in shares of Jack in the Box during the fourth quarter worth about $335,000. Marshall Wace LLP increased its position in shares of Jack in the Box by 266.2% in the fourth quarter. Marshall Wace LLP now owns 44,424 shares of the company’s stock worth $4,960,000 after buying an additional 32,293 shares in the last quarter. FMR LLC increased its position in shares of Jack in the Box by 145.6% in the fourth quarter. FMR LLC now owns 743,539 shares of the company’s stock worth $83,009,000 after buying an additional 440,741 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Jack in the Box by 2.0% in the fourth quarter. Martingale Asset Management L P now owns 51,305 shares of the company’s stock worth $5,728,000 after buying an additional 994 shares in the last quarter. Finally, Comerica Bank increased its position in shares of Jack in the Box by 1.8% in the fourth quarter. Comerica Bank now owns 71,991 shares of the company’s stock worth $7,770,000 after buying an additional 1,248 shares in the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.

Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

Shares of Jack in the Box Inc. (NASDAQ:JACK) opened at 99.54 on Tuesday. Jack in the Box Inc. has a 52-week low of $61.78 and a 52-week high of $113.30. The firm has a market cap of $3.15 billion, a PE ratio of 26.09 and a beta of 0.55. The stock has a 50 day moving average price of $102.36 and a 200-day moving average price of $102.39.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, February 22nd. The company reported $1.18 EPS for the quarter, missing analysts’ consensus estimates of $1.24 by $0.06. Jack in the Box had a negative return on equity of 83.17% and a net margin of 7.76%. The firm had revenue of $487.90 million for the quarter, compared to analyst estimates of $499.40 million. During the same quarter last year, the company earned $0.93 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts anticipate that Jack in the Box Inc. will post $4.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, March 20th. Shareholders of record on Tuesday, March 7th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Friday, March 3rd. Jack in the Box’s dividend payout ratio (DPR) is 43.96%.

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A number of brokerages have recently issued reports on JACK. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday. Robert W. Baird reiterated an “outperform” rating and issued a $125.00 price target on shares of Jack in the Box in a report on Saturday, March 11th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $125.00 price target on shares of Jack in the Box in a report on Wednesday, March 8th. Citigroup Inc reiterated an “outperform” rating on shares of Jack in the Box in a report on Tuesday, March 7th. They noted that the move was a valuation call. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $110.00 price target (down from $119.00) on shares of Jack in the Box in a report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Jack in the Box has an average rating of “Hold” and an average target price of $108.23.

In other Jack in the Box news, VP Vanessa C. Fox sold 1,780 shares of the company’s stock in a transaction on Monday, February 27th. The stock was sold at an average price of $94.63, for a total transaction of $168,441.40. Following the transaction, the vice president now directly owns 2,009 shares in the company, valued at $190,111.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Goebel sold 1,538 shares of the company’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $97.69, for a total value of $150,247.22. Following the transaction, the director now owns 21,748 shares in the company, valued at $2,124,562.12. The disclosure for this sale can be found here. Insiders have sold 6,038 shares of company stock worth $618,940 over the last 90 days. 2.10% of the stock is owned by insiders.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

5 Day Chart for NASDAQ:JACK

Want to see what other hedge funds are holding JACK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack in the Box Inc. (NASDAQ:JACK).

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