Everpoint Asset Management buys $42,669,749 stake in Jack in the Box (JACK)

Jack in the Box (JACK) : Everpoint Asset Management scooped up 41,606 additional shares in Jack in the Box during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 423,353 shares of Jack in the Box which is valued at $42,669,749.Jack in the Box makes up approximately 1.03% of Everpoint Asset Management’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp sold out all of its stake in JACK during the most recent quarter. The investment firm sold 55,522 shares of JACK which is valued $5,596,062.Palisade Capital Managementnj reduced its stake in JACK by selling 18,127 shares or 43.36% in the most recent quarter. The Hedge Fund company now holds 23,674 shares of JACK which is valued at $2,295,668. Jack in the Box makes up approx 0.10% of Palisade Capital Managementnj’s portfolio.Dupont Capital Management Corp reduced its stake in JACK by selling 3,305 shares or 18.92% in the most recent quarter. The Hedge Fund company now holds 14,165 shares of JACK which is valued at $1,342,275. Jack in the Box makes up approx 0.03% of Dupont Capital Management Corp’s portfolio.Manning Napier Advisors reduced its stake in JACK by selling 30,638 shares or 23.7% in the most recent quarter. The Hedge Fund company now holds 98,650 shares of JACK which is valued at $9,267,181. Jack in the Box makes up approx 0.06% of Manning Napier Advisors’s portfolio.Emerald Advisers Incpa reduced its stake in JACK by selling 65,056 shares or 19.52% in the most recent quarter. The Hedge Fund company now holds 268,244 shares of JACK which is valued at $25,273,950. Jack in the Box makes up approx 1.20% of Emerald Advisers Incpa’s portfolio.

Jack in the Box closed down -0.87 points or -0.85% at $101.67 with 7,21,572 shares getting traded on Monday. Post opening the session at $102.21, the shares hit an intraday low of $100.82 and an intraday high of $102.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Jack in the Box reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.87. The company had revenue of $368.94 million for the quarter, compared to analysts expectations of $367.04 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Many Wall Street Analysts have commented on Jack in the Box. Goldman Initiated Jack in the Box on Oct 24, 2016 to “Sell”, Price Target of the shares are set at $88.

Jack in the Box Inc. (JACK) is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba Restaurant Operations. It operates and franchises approximately 2888 Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Grill fast-casual restaurants. The Company’s Jack in the Box restaurants offer a selection of products targeted primarily at the adult fast-food consumer. Its menu features a variety of items including hamburgers tacos specialty sandwiches drinks real ice cream shakes salads and side items. The Company’s Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.

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