Avantax Advisory Services Inc. decreased its stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 43.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,041 shares of the restaurant operator's stock after selling 9,206 shares during the period. Avantax Advisory Services Inc. owned approximately 0.06% of Jack in the Box worth $501,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in JACK. KBC Group NV lifted its stake in Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock valued at $51,000 after acquiring an additional 616 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 735 shares in the last quarter. MML Investors Services LLC boosted its holdings in Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator's stock worth $226,000 after purchasing an additional 819 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator's stock valued at $65,000 after purchasing an additional 978 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Jack in the Box by 10.2% in the 4th quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator's stock valued at $445,000 after buying an additional 993 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have recently commented on JACK. Wedbush downgraded shares of Jack in the Box from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $50.00 to $40.00 in a research note on Friday, February 21st. Oppenheimer decreased their price target on Jack in the Box from $60.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Morgan Stanley dropped their price objective on Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. UBS Group decreased their target price on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Finally, StockNews.com raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Jack in the Box currently has a consensus rating of "Hold" and a consensus price target of $49.25.
Check Out Our Latest Analysis on JACK
Jack in the Box Stock Performance
Shares of NASDAQ JACK traded down $0.48 during trading hours on Wednesday, reaching $28.36. 774,646 shares of the stock were exchanged, compared to its average volume of 590,746. The firm has a market capitalization of $534.81 million, a price-to-earnings ratio of -14.54, a P/E/G ratio of 1.29 and a beta of 1.95. The stock's fifty day simple moving average is $37.21 and its 200 day simple moving average is $42.25. Jack in the Box Inc. has a 52 week low of $28.20 and a 52 week high of $70.81.
Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm had revenue of $469.44 million for the quarter, compared to analysts' expectations of $470.47 million. Research analysts predict that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.
Jack in the Box Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 6.21%. Jack in the Box's payout ratio is -82.63%.
Jack in the Box Profile
(
Free Report)
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.
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