Free Trial

Jack in the Box Inc. (NASDAQ:JACK) Stock Position Lifted by Barclays PLC

Jack in the Box logo with Retail/Wholesale background

Barclays PLC lifted its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 70.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 216,117 shares of the restaurant operator's stock after acquiring an additional 89,649 shares during the period. Barclays PLC owned 1.13% of Jack in the Box worth $10,060,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of Jack in the Box by 261.5% during the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator's stock worth $28,408,000 after purchasing an additional 403,423 shares in the last quarter. Invenomic Capital Management LP purchased a new position in Jack in the Box during the 3rd quarter worth approximately $11,802,000. Clearline Capital LP increased its position in Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator's stock worth $12,757,000 after buying an additional 144,631 shares during the period. Allspring Global Investments Holdings LLC raised its position in Jack in the Box by 26.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator's stock valued at $31,937,000 after purchasing an additional 130,214 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its stake in shares of Jack in the Box by 296.5% during the second quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator's stock worth $6,884,000 after buying an additional 101,064 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.

Jack in the Box Trading Down 0.8 %

NASDAQ:JACK traded down $0.36 on Tuesday, reaching $42.85. The stock had a trading volume of 543,885 shares, compared to its average volume of 516,741. The company has a 50-day moving average of $47.23 and a 200 day moving average of $49.42. The stock has a market cap of $806.91 million, a P/E ratio of -21.97, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 4.11%. Jack in the Box's dividend payout ratio (DPR) is presently -90.26%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JACK shares. UBS Group lowered their price objective on shares of Jack in the Box from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Friday, October 4th. Guggenheim reduced their price objective on Jack in the Box from $95.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Bank of America boosted their price target on Jack in the Box from $72.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. TD Cowen reiterated a "hold" rating and set a $50.00 price objective on shares of Jack in the Box in a report on Thursday, November 21st. Finally, Barclays boosted their price target on Jack in the Box from $46.00 to $50.00 and gave the company an "equal weight" rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Jack in the Box has a consensus rating of "Hold" and an average price target of $59.88.

Check Out Our Latest Report on Jack in the Box

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.

Featured Stories

Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

Should you invest $1,000 in Jack in the Box right now?

Before you consider Jack in the Box, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jack in the Box wasn't on the list.

While Jack in the Box currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed Investors Cover

As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

The Future of Healthcare: 3 AI Stocks Leading the Way
Analysts Predict Big Gains for These 3 Cybersecurity Leaders
This Investment Strategy Has the Highest Payout Potential

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines