Barclays PLC reduced its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 55.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 96,518 shares of the restaurant operator's stock after selling 119,599 shares during the quarter. Barclays PLC owned approximately 0.51% of Jack in the Box worth $4,019,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Jack in the Box by 3.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator's stock worth $30,244,000 after acquiring an additional 25,881 shares during the period. IPG Investment Advisors LLC boosted its stake in shares of Jack in the Box by 59.2% during the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator's stock worth $18,347,000 after acquiring an additional 163,834 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Jack in the Box by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator's stock valued at $18,170,000 after purchasing an additional 47,851 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Jack in the Box by 178.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator's stock valued at $8,192,000 after buying an additional 126,101 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Jack in the Box during the 4th quarter worth $7,655,000. 99.79% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on JACK shares. Barclays lowered their price target on shares of Jack in the Box from $40.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Morgan Stanley lowered their price target 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 report on Tuesday, January 21st. UBS Group lowered their price target on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus set a $32.00 price target on shares of Jack in the Box and gave the stock a "buy" rating in a research report on Monday. Finally, TD Securities decreased their target price on shares of Jack in the Box from $40.00 to $31.00 and set a "hold" rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Jack in the Box currently has a consensus rating of "Hold" and a consensus target price of $44.00.
Get Our Latest Research Report on JACK
Jack in the Box Stock Performance
Shares of NASDAQ JACK traded up $0.43 during midday trading on Tuesday, reaching $26.18. The stock had a trading volume of 654,254 shares, compared to its average volume of 658,527. The firm has a market cap of $493.70 million, a price-to-earnings ratio of -13.43, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. Jack in the Box Inc. has a twelve month low of $22.01 and a twelve month high of $60.73. The company's 50 day moving average price is $29.37 and its 200 day moving average price is $38.66.
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 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.21. The company had revenue of $469.44 million during the quarter, compared to analyst estimates 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%. Equities analysts forecast that Jack in the Box Inc. will post 5.33 earnings per share for the current fiscal year.
Jack in the Box Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 6.72%. The ex-dividend date was Thursday, March 20th. Jack in the Box's payout ratio is presently -82.63%.
Jack in the Box Company 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.
Further Reading
Before you consider Jack in the Box, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jack in the Box wasn't on the list.
While Jack in the Box currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
