The Manning & Napier Advisors LLC Has $6.65 Million Stake in Jack In The Box Inc. (NASDAQ:JACK)

The Manning & Napier Advisors LLC Has $6.65 Million Stake in Jack In The Box Inc. (NASDAQ:JACK)

A number of other institutional investors have also recently modified their holdings of JACK. FNY Managed Accounts LLC bought a new position in Jack In The Box during the first quarter worth approximately $108,000. Glen Harbor Capital Management LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares during the period. Tyers Asset Management LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $161,000 after buying an additional 22 shares during the period. Flinton Capital Management LLC boosted its position in Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock worth $205,000 after buying an additional 28 shares during the period. Finally, HL Financial Services LLC boosted its position in Jack In The Box by 4.7% in the first quarter. HL Financial Services LLC now owns 2,250 shares of the restaurant operator’s stock worth $229,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 93.90% of the company’s stock.

Manning & Napier Advisors LLC lowered its position in Jack In The Box Inc. (NASDAQ:JACK) by 3.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,520 shares of the restaurant operator’s stock after selling 2,175 shares during the period. Manning & Napier Advisors LLC owned about 0.23% of Jack In The Box worth $6,649,000 as of its most recent SEC filing.

Jack In The Box Inc. (NASDAQ:JACK) traded down 0.56% during midday trading on Wednesday, reaching $91.77. 164,863 shares of the company traded hands. The firm has a 50-day moving average price of $98.26 and a 200-day moving average price of $101.80. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 22.68 and a beta of 0.57. Jack In The Box Inc. has a one year low of $86.51 and a one year high of $113.30.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The firm had revenue of $369.40 million during the quarter, compared to the consensus estimate of $369.36 million. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. Equities analysts predict that Jack In The Box Inc. will post $4.19 EPS for the current fiscal year.

JACK has been the subject of a number of research analyst reports. TheStreet raised shares of Jack In The Box from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. BidaskClub cut shares of Jack In The Box from a “hold” rating to a “sell” rating in a research report on Tuesday, June 27th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $125.00 price objective on shares of Jack In The Box in a research report on Friday, May 12th. Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, April 26th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Jack In The Box in a research report on Sunday, May 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Jack In The Box has a consensus rating of “Hold” and an average price target of $117.00.

In other news, EVP Phillip H. Rudolph sold 6,908 shares of Jack In The Box stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now owns 99,261 shares in the company, valued at approximately $10,287,410.04. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.10% of the company’s stock.

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.

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