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

Jack in the Box (JACK) : Tricadia Capital Management added new position in Jack in the Box during the most recent quarter end. The investment management firm now holds 46,000 shares of Jack in the Box which is valued at $3.4 Million , the company said in a statement filed on May 11, 2016 with the SEC.Jack in the Box makes up approximately 1.28% of Tricadia Capital Management’s portfolio.

Other Hedge Funds, Including , Amalgamated Bank boosted its stake in JACK in the latest quarter, The investment management firm added 53 additional shares and now holds a total of 3,809 shares of Jack in the Box which is valued at $281,828. Jack in the Box makes up approx 0.03% of Amalgamated Bank’s portfolio. First Trust Advisors Lp sold out all of its stake in JACK during the most recent quarter. The investment firm sold 16,909 shares of JACK which is valued $1.3 Million.Tiaa Cref Investment Management reduced its stake in JACK by selling 1,537 shares or 0.85% in the most recent quarter. The Hedge Fund company now holds 178,946 shares of JACK which is valued at $12.3 Million. Jack in the Box makes up approx 0.01% of Tiaa Cref Investment Management’s portfolio.Stoneridge Investment Partners boosted its stake in JACK in the latest quarter, The investment management firm added 4,460 additional shares and now holds a total of 54,420 shares of Jack in the Box which is valued at $3.7 Million. Jack in the Box makes up approx 0.53% of Stoneridge Investment Partners’s portfolio.Quantbot Technologies Lp boosted its stake in JACK in the latest quarter, The investment management firm added 7,415 additional shares and now holds a total of 18,437 shares of Jack in the Box which is valued at $1.2 Million. Jack in the Box makes up approx 0.20% of Quantbot Technologies Lp’s portfolio.

Jack in the Box opened for trading at $74.28 and hit $76.16 on the upside on Monday, eventually ending the session at $76.1, with a gain of 2.85% or 2.11 points. The heightened volatility saw the trading volume jump to 10,75,852 shares. Company has a market cap of $2,476 M.

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. Shares were Reiterated by Telsey Advisory Group on Apr 13, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $95 .Jack in the Box was Upgraded by Morgan Stanley to ” Overweight” on Apr 8, 2016. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 90 from a previous price target of $105 .

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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