Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by Blueshift Asset Management LLC

Blueshift Asset Management LLC trimmed its position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 53.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,191 shares of the restaurant operator's stock after selling 11,889 shares during the quarter. Blueshift Asset Management LLC owned 0.05% of Jack in the Box worth $424,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Jack in the Box by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator's stock worth $18,170,000 after buying an additional 47,851 shares during the period. Barclays PLC lifted its stake in shares of Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock worth $10,060,000 after purchasing an additional 89,649 shares during the last quarter. Biglari Sardar boosted its position in Jack in the Box by 14.2% during the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator's stock valued at $4,501,000 after purchasing an additional 12,000 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Jack in the Box during the fourth quarter valued at about $7,655,000. Finally, Proficio Capital Partners LLC purchased a new position in Jack in the Box in the fourth quarter valued at about $666,000. Hedge funds and other institutional investors own 99.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. TD Securities restated a "hold" rating and issued a $42.00 price target on shares of Jack in the Box in a report on Wednesday, February 26th. UBS Group cut their price target on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Wedbush cut Jack in the Box from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. Stifel Nicolaus reduced their target price on Jack in the Box from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Morgan Stanley decreased their price target 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 investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $49.25.

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Jack in the Box Stock Down 5.8 %

Shares of NASDAQ:JACK traded down $1.78 during trading on Tuesday, hitting $28.84. 900,466 shares of the stock traded hands, compared to its average volume of 588,256. The company has a fifty day moving average price of $37.42 and a two-hundred day moving average price of $42.37. Jack in the Box Inc. has a 52-week low of $29.29 and a 52-week high of $70.81. The company has a market cap of $543.86 million, a price-to-earnings ratio of -14.79, a P/E/G ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.21. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The business had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. On average, equities research 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. Stockholders of record on Thursday, March 20th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Thursday, March 20th. Jack in the Box's dividend payout ratio (DPR) is presently -82.63%.

Jack in the Box 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.