IPG Investment Advisors LLC boosted its position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 59.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,619 shares of the restaurant operator's stock after purchasing an additional 163,834 shares during the period. Jack in the Box makes up 4.2% of IPG Investment Advisors LLC's holdings, making the stock its 8th biggest holding. IPG Investment Advisors LLC owned 2.34% of Jack in the Box worth $18,347,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in Jack in the Box by 178.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator's stock worth $8,192,000 after buying an additional 126,101 shares during the period. Norges Bank acquired a new position in Jack in the Box during the fourth quarter worth $978,000. JPMorgan Chase & Co. boosted its position in shares of Jack in the Box by 226.4% during the fourth quarter. JPMorgan Chase & Co. now owns 15,757 shares of the restaurant operator's stock worth $656,000 after buying an additional 28,221 shares during the period. Bridge City Capital LLC grew its stake in shares of Jack in the Box by 3.3% in the fourth quarter. Bridge City Capital LLC now owns 49,417 shares of the restaurant operator's stock valued at $2,058,000 after buying an additional 1,564 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Jack in the Box by 15.4% in the 4th quarter. LPL Financial LLC now owns 10,642 shares of the restaurant operator's stock valued at $443,000 after buying an additional 1,418 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on JACK. UBS Group lowered 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. Guggenheim restated a "buy" rating and issued a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th. Oppenheimer reduced their price target on Jack in the Box from $60.00 to $52.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 7th. Truist Financial reduced their target price on shares of Jack in the Box from $57.00 to $51.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Finally, StockNews.com raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $49.25.
Read Our Latest Research Report on Jack in the Box
Jack in the Box Stock Performance
Jack in the Box stock traded down $0.92 during midday trading on Thursday, reaching $25.61. 726,285 shares of the company were exchanged, compared to its average volume of 609,567. The company has a market capitalization of $482.95 million, a price-to-earnings ratio of -13.13, a P/E/G ratio of 1.29 and a beta of 1.95. The firm's 50-day simple moving average is $35.83 and its 200-day simple moving average is $41.59. Jack in the Box Inc. has a 1 year low of $24.87 and a 1 year high of $65.58.
Jack in the Box (NASDAQ:JACK - Get Free Report) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.21. The firm had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. On average, analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.
Jack in the Box Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 6.87%. The ex-dividend date is Thursday, March 20th. Jack in the Box's dividend payout ratio (DPR) is -82.63%.
Jack in the Box Profile
(
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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