Windward Management LP disclosed a new investment in Jack in the Box Inc., purchasing 182,404 shares. This position represents approximately 0.96% of the restaurant operator's outstanding stock. The stake now ranks as Windward's seventh-largest holding.
Jack in the Box recently reported quarterly earnings per share of $0.96, beating analyst expectations of $0.88. However, quarterly revenue of $257.66 million missed consensus estimates and fell 22.6% year-over-year.
JACK shares traded down 3.5% to $15.90 following the news. Analysts currently maintain a consensus Hold rating with an average price target of $17.22.