Jack in the Box Inc. (NASDAQ:JACK) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP raised its position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 238.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,869 shares of the restaurant operator's stock after purchasing an additional 15,409 shares during the quarter. Aigen Investment Management LP owned 0.11% of Jack in the Box worth $1,018,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets grew its stake in Jack in the Box by 6.3% in the first quarter. BNP Paribas Financial Markets now owns 17,581 shares of the restaurant operator's stock valued at $1,204,000 after acquiring an additional 1,039 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of Jack in the Box by 2.5% in the first quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator's stock valued at $779,000 after buying an additional 277 shares during the period. Inspire Investing LLC raised its stake in shares of Jack in the Box by 8.8% in the first quarter. Inspire Investing LLC now owns 5,796 shares of the restaurant operator's stock valued at $397,000 after buying an additional 471 shares during the period. Headlands Technologies LLC bought a new stake in shares of Jack in the Box in the first quarter valued at $97,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in shares of Jack in the Box by 21.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,073 shares of the restaurant operator's stock valued at $9,387,000 after purchasing an additional 23,770 shares during the period. 99.79% of the stock is currently owned by institutional investors.

Jack in the Box Stock Performance

JACK stock traded down $1.02 during trading on Wednesday, hitting $45.08. 623,618 shares of the company's stock traded hands, compared to its average volume of 504,060. The business has a fifty day simple moving average of $46.02 and a 200 day simple moving average of $50.64. The stock has a market capitalization of $862.38 million, a price-to-earnings ratio of -22.65, a P/E/G ratio of 0.72 and a beta of 1.93. Jack in the Box Inc. has a 52 week low of $40.84 and a 52 week high of $86.20.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.90%. Jack in the Box's payout ratio is -88.44%.

Insider Buying and Selling at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, the chief financial officer now owns 13,201 shares of the company's stock, valued at $642,360.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen lowered their target price on Jack in the Box from $57.00 to $50.00 and set a "hold" rating for the company in a research note on Wednesday, October 16th. Piper Sandler lowered their target price on Jack in the Box from $56.00 to $53.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Loop Capital lowered their target price on Jack in the Box from $87.00 to $70.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Morgan Stanley lowered their target price on Jack in the Box from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $70.00 target price on shares of Jack in the Box in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $64.06.

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.