31,690 Shares in Jack in the Box Inc. (NASDAQ:JACK) Purchased by Access Investment Management LLC

Access Investment Management LLC acquired a new position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 31,690 shares of the restaurant operator's stock, valued at approximately $1,475,000. Access Investment Management LLC owned 0.17% of Jack in the Box at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. EntryPoint Capital LLC grew its position in Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator's stock worth $59,000 after buying an additional 366 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box during the 3rd quarter worth $41,000. Headlands Technologies LLC acquired a new stake in shares of Jack in the Box during the 1st quarter worth $97,000. MQS Management LLC bought a new position in shares of Jack in the Box in the first quarter worth $260,000. Finally, SG Americas Securities LLC acquired a new position in Jack in the Box in the third quarter valued at about $185,000. Institutional investors and hedge funds own 99.79% of the company's stock.

Jack in the Box Price Performance

NASDAQ JACK traded up $0.12 on Monday, reaching $47.45. The company had a trading volume of 546,868 shares, compared to its average volume of 503,660. The firm has a market cap of $907.53 million, a price-to-earnings ratio of -23.78, a P/E/G ratio of 0.74 and a beta of 1.93. Jack in the Box Inc. has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The business has a 50 day moving average of $46.10 and a two-hundred day moving average of $50.84.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a dividend of $0.44 per share. The ex-dividend date was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.71%. Jack in the Box's dividend payout ratio (DPR) is -88.44%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. StockNews.com lowered shares of Jack in the Box from a "hold" rating to a "sell" rating in a report on Wednesday, August 7th. Truist Financial lowered their price objective on shares of Jack in the Box from $83.00 to $70.00 and set a "buy" rating for the company in a research report on Wednesday, August 7th. UBS Group reduced their target price on Jack in the Box from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, October 4th. Loop Capital lowered their price target on Jack in the Box from $87.00 to $70.00 and set a "buy" rating for the company in a report on Monday, October 14th. Finally, Piper Sandler dropped their price objective on Jack in the Box from $56.00 to $53.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Jack in the Box has an average rating of "Hold" and a consensus price target of $64.06.

Insiders Place Their Bets

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares of the company's stock, valued at approximately $642,360.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company's stock.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.