Falcon Point Capital buys $12,885,657 stake in Jack in the Box (JACK)

Jack in the Box (JACK) : Falcon Point Capital scooped up 2,315 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 Jul 26, 2016. The investment management firm now holds a total of 147,332 shares of Jack in the Box which is valued at $12,885,657.Jack in the Box makes up approximately 2.16% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Hl Financial Services boosted its stake in JACK in the latest quarter, The investment management firm added 2,342 additional shares and now holds a total of 28,882 shares of Jack in the Box which is valued at $2,526,020. Jack in the Box makes up approx 0.06% of Hl Financial Services’s portfolio.Huntington National Bank boosted its stake in JACK in the latest quarter, The investment management firm added 186 additional shares and now holds a total of 214 shares of Jack in the Box which is valued at $18,716.Stoneridge Investment Partners reduced its stake in JACK by selling 45,032 shares or 82.75% in the most recent quarter. The Hedge Fund company now holds 9,388 shares of JACK which is valued at $821,074. Jack in the Box makes up approx 0.12% of Stoneridge Investment Partners’s portfolio. Independent Portfolio Consultants sold out all of its stake in JACK during the most recent quarter. The investment firm sold 2,920 shares of JACK which is valued $258,800.

Jack in the Box closed down -0.52 points or -0.58% at $88.39 with 4,76,936 shares getting traded on Friday. Post opening the session at $88.63, the shares hit an intraday low of $87.28 and an intraday high of $89.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Jack in the Box reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.70. The company had revenue of $361.20 million for the quarter, compared to analysts expectations of $360.20 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Jack in the Box. 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 .Company shares were Reiterated by UBS on Jun 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 87 from a previous price target of $80 .Company shares were Upgraded by Robert W. Baird on May 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $80 .

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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