Emerald Advisers LLC Has $7.95 Million Position in Jack in the Box Inc. (NASDAQ:JACK)

Emerald Advisers LLC trimmed its holdings in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,867 shares of the restaurant operator's stock after selling 9,200 shares during the period. Emerald Advisers LLC owned 1.01% of Jack in the Box worth $7,948,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JACK. GSA Capital Partners LLP acquired a new stake in Jack in the Box during the 3rd quarter valued at $229,000. Intech Investment Management LLC bought a new position in shares of Jack in the Box in the third quarter valued at about $241,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Jack in the Box by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator's stock worth $18,081,000 after buying an additional 8,038 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jack in the Box during the 3rd quarter worth about $1,137,000. Finally, BNP Paribas Financial Markets grew its stake in Jack in the Box by 47.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,699 shares of the restaurant operator's stock valued at $544,000 after buying an additional 3,754 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on JACK shares. StockNews.com upgraded shares of Jack in the Box from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Guggenheim restated a "buy" rating and issued a $55.00 price target on shares of Jack in the Box in a research note on Thursday, February 27th. TD Securities reaffirmed a "hold" rating and issued a $42.00 price objective on shares of Jack in the Box in a report on Wednesday, February 26th. UBS Group dropped their target price on Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Finally, Oppenheimer decreased their price target on shares of Jack in the Box from $60.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, Jack in the Box has an average rating of "Hold" and an average price target of $49.25.

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Jack in the Box Stock Up 1.0 %

Shares of JACK stock traded up $0.27 during trading hours on Thursday, reaching $28.63. The company's stock had a trading volume of 556,380 shares, compared to its average volume of 592,064. Jack in the Box Inc. has a fifty-two week low of $28.09 and a fifty-two week high of $70.81. The firm's 50 day simple moving average is $36.77 and its 200-day simple moving average is $42.06. The company has a market capitalization of $539.90 million, a price-to-earnings ratio of -14.68, a PEG ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its earnings results 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. The firm had revenue of $469.44 million for the quarter, compared to analysts' expectations of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. Sell-side analysts predict that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

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 paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.15%. The ex-dividend date is Thursday, March 20th. Jack in the Box's dividend payout ratio is -82.63%.

Jack in the Box Company 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.