Envestnet Asset Management Inc. Sells 15,887 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Envestnet Asset Management Inc. trimmed its stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,827 shares of the restaurant operator's stock after selling 15,887 shares during the period. Envestnet Asset Management Inc. owned 0.60% of Jack in the Box worth $4,698,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 735 shares in the last quarter. KBC Group NV increased its stake in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock worth $51,000 after acquiring an additional 616 shares in the last quarter. PNC Financial Services Group Inc. increased 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 acquiring an additional 978 shares in the last quarter. R Squared Ltd purchased a new position in Jack in the Box during the 4th quarter valued at about $72,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Jack in the Box during the fourth quarter worth about $137,000. Institutional investors own 99.79% of the company's stock.

Jack in the Box Price Performance

Shares of JACK stock traded up $0.54 during mid-day trading on Friday, hitting $24.51. The company had a trading volume of 1,176,645 shares, compared to its average volume of 652,982. The company has a market capitalization of $462.21 million, a P/E ratio of -12.57, a P/E/G ratio of 1.29 and a beta of 1.81. The stock's 50 day moving average price is $29.90 and its 200-day moving average price is $38.96. Jack in the Box Inc. has a 52-week low of $22.01 and a 52-week high of $60.73.

Jack in the Box (NASDAQ:JACK - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating the consensus estimate 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 expect that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a $0.44 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 7.18%. Jack in the Box's payout ratio is currently -82.63%.

Wall Street Analysts Forecast Growth

JACK has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Sanford C. Bernstein set a $24.00 price target on shares of Jack in the Box in a research report on Tuesday. Wedbush cut Jack in the Box from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $50.00 to $40.00 in a research report on Friday, February 21st. Robert W. Baird reduced their target price on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, StockNews.com upgraded Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $44.78.

About Jack in the Box

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.