Bryce Point Capital LLC acquired a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,498 shares of the restaurant operator's stock, valued at approximately $562,000. Bryce Point Capital LLC owned 0.07% of Jack in the Box at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Sei Investments Co. increased its stake in shares of Jack in the Box by 2.0% in the 4th quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator's stock worth $859,000 after acquiring an additional 413 shares in the last quarter. KBC Group NV lifted its holdings in shares of Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock valued at $51,000 after purchasing an additional 616 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 735 shares during the last quarter. MML Investors Services LLC boosted its position in shares of Jack in the Box by 20.3% in the 3rd 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. Finally, PNC Financial Services Group Inc. grew its stake in shares of Jack in the Box by 168.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator's stock worth $65,000 after buying an additional 978 shares during the last quarter. Institutional investors own 99.79% of the company's stock.
Jack in the Box Stock Down 2.9 %
NASDAQ:JACK traded down $0.71 on Tuesday, hitting $23.92. The stock had a trading volume of 348,559 shares, compared to its average volume of 622,849. Jack in the Box Inc. has a 52-week low of $22.34 and a 52-week high of $62.26. The stock has a market cap of $451.10 million, a price-to-earnings ratio of -12.31, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. The business's 50-day simple moving average is $34.94 and its two-hundred day simple moving average is $41.17.
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 (EPS) 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 company had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. As a group, equities research analysts anticipate that Jack in the Box Inc. will post 5.33 EPS for the current year.
Jack in the Box Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a $0.44 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 7.36%. Jack in the Box's dividend payout ratio is currently -82.63%.
Analyst Ratings Changes
A number of brokerages have issued reports on JACK. Barclays lowered their price objective on Jack in the Box from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. UBS Group lowered their price target on Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Wedbush downgraded shares of Jack in the Box from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $50.00 to $40.00 in a research report on Friday, February 21st. Oppenheimer reduced their price objective on shares of 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. Finally, Morgan Stanley dropped their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $47.82.
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About Jack in the Box
(
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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