Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 151,525 shares of the restaurant operator's stock after selling 68,465 shares during the quarter. Bank of New York Mellon Corp owned 0.80% of Jack in the Box worth $6,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake 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 valued at $44,000 after buying an additional 735 shares in the last quarter. KBC Group NV grew its position 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. R Squared Ltd acquired a new position in Jack in the Box in the 4th quarter valued at about $72,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator's stock worth $100,000 after purchasing an additional 1,354 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of 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 in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

JACK has been the topic of several recent research reports. Royal Bank of Canada cut their target price on shares of Jack in the Box from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 26th. TD Securities reiterated a "hold" rating and issued a $42.00 price objective on shares of Jack in the Box in a research note on Wednesday, February 26th. Truist Financial decreased their target price on Jack in the Box from $57.00 to $51.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Wedbush downgraded Jack in the Box from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Finally, Morgan Stanley decreased their price objective on Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $49.56.

Jack in the Box Trading Down 1.0 %

Shares of Jack in the Box stock traded down $0.31 on Thursday, hitting $30.69. The stock had a trading volume of 375,952 shares, compared to its average volume of 581,676. The stock has a market cap of $578.70 million, a price-to-earnings ratio of -15.87, a P/E/G ratio of 1.29 and a beta of 1.95. Jack in the Box Inc. has a 52-week low of $30.47 and a 52-week high of $71.80. The company's 50 day moving average price is $37.87 and its 200 day moving average price is $42.76.

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, beating the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. Analysts predict that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box's payout ratio is currently -82.63%.

Insider Buying and Selling at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.40% of the stock is currently owned by company insiders.

About Jack in the Box

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.