Dynamic Technology Lab Private Ltd bought a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,429 shares of the restaurant operator's stock, valued at approximately $1,137,000. Dynamic Technology Lab Private Ltd owned 0.13% of Jack in the Box as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of JACK. The Manufacturers Life Insurance Company increased its holdings in Jack in the Box by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator's stock worth $496,000 after buying an additional 358 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator's stock worth $255,000 after acquiring an additional 503 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Jack in the Box by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator's stock worth $1,090,000 after purchasing an additional 644 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in shares of Jack in the Box by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator's stock valued at $1,265,000 after purchasing an additional 790 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box in the 3rd quarter valued at $41,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
Jack in the Box Stock Up 0.6 %
Jack in the Box stock traded up $0.28 on Wednesday, hitting $46.87. The company's stock had a trading volume of 683,990 shares, compared to its average volume of 519,023. The company has a fifty day moving average price of $46.50 and a 200-day moving average price of $50.06. The firm has a market cap of $882.56 million, a P/E ratio of -23.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.93. Jack in the Box Inc. has a one year low of $40.84 and a one year high of $86.20.
Jack in the Box Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box's dividend payout ratio (DPR) is presently -90.26%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on JACK shares. Wedbush cut their target price on Jack in the Box from $60.00 to $50.00 and set an "outperform" rating on the stock in a report on Monday, November 18th. Northcoast Research lowered Jack in the Box from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. Barclays increased their price target on Jack in the Box from $46.00 to $50.00 and gave the company an "equal weight" rating in a report on Thursday, November 21st. StockNews.com raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a report on Thursday, November 21st. Finally, UBS Group dropped their target price on shares of Jack in the Box from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $60.38.
View Our Latest Report on Jack in the Box
Insiders Place Their Bets
In related news, CFO Brian M. Scott sold 696 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company's stock.
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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