Tiger Legatus Capital Management adds Jack in the Box (JACK) to its portfolio

Jack in the Box (JACK) : Tiger Legatus Capital Management added new position in Jack in the Box during the most recent quarter end. The investment management firm now holds 220,000 shares of Jack in the Box which is valued at $21,764,600 , the company said in a statement filed on Aug 15, 2016 with the SEC.Jack in the Box makes up approximately 5.99% of Tiger Legatus Capital Management’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc boosted its stake in JACK in the latest quarter, The investment management firm added 29,972 additional shares and now holds a total of 247,766 shares of Jack in the Box which is valued at $24,511,490. Jack in the Box makes up approx 0.12% of Panagora Asset Management Inc’s portfolio.Riverhead Capital Management boosted its stake in JACK in the latest quarter, The investment management firm added 52,965 additional shares and now holds a total of 61,050 shares of Jack in the Box which is valued at $6,039,677. Jack in the Box makes up approx 0.10% of Riverhead Capital Management’s portfolio.Comerica Bank boosted its stake in JACK in the latest quarter, The investment management firm added 51,378 additional shares and now holds a total of 70,403 shares of Jack in the Box which is valued at $6,964,969. Jack in the Box makes up approx 0.06% of Comerica Bank’s portfolio.Emerald Mutual Fund Advisers Trust reduced its stake in JACK by selling 39,341 shares or 12.58% in the most recent quarter. The Hedge Fund company now holds 273,290 shares of JACK which is valued at $24,156,103. Jack in the Box makes up approx 1.28% of Emerald Mutual Fund Advisers Trust’s portfolio.

Jack in the Box opened for trading at $99.79 and hit $100.66 on the upside on Thursday, eventually ending the session at $99.7, with a gain of 0.24% or 0.24 points. The heightened volatility saw the trading volume jump to 3,85,041 shares. Company has a market cap of $3,258 M.

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. Company shares were Reiterated by Telsey Advisory Group on Aug 9, 2016 to “Outperform”, Firm has raised the Price Target to $ 120 from a previous price target of $105 .Company shares were Reiterated by Wedbush on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $110 .Company shares were Reiterated by Telsey Advisory Group on Jul 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 105 from a previous price target of $85 .

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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