Biglari Sardar raised its stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 14.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,717 shares of the restaurant operator's stock after purchasing an additional 12,000 shares during the quarter. Jack in the Box makes up about 9.6% of Biglari Sardar's portfolio, making the stock its 6th biggest holding. Biglari Sardar owned 0.51% of Jack in the Box worth $4,501,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Paloma Partners Management Co acquired a new position in shares of Jack in the Box during the 3rd quarter worth about $260,000. Point72 Asia Singapore Pte. Ltd. increased its position in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator's stock worth $100,000 after buying an additional 1,354 shares during the last quarter. FORA Capital LLC raised its stake in Jack in the Box by 87.4% in the third quarter. FORA Capital LLC now owns 14,846 shares of the restaurant operator's stock valued at $691,000 after buying an additional 6,925 shares during the period. Blueshift Asset Management LLC bought a new stake in Jack in the Box in the third quarter valued at approximately $1,028,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Jack in the Box by 47.2% in the third 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. Institutional investors and hedge funds own 99.79% of the company's stock.
Jack in the Box Stock Up 1.0 %
Shares of JACK traded up $0.49 during trading hours on Monday, hitting $49.34. 507,324 shares of the company were exchanged, compared to its average volume of 518,208. Jack in the Box Inc. has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The company has a market cap of $929.12 million, a price-to-earnings ratio of -25.05, a P/E/G ratio of 1.60 and a beta of 1.93. The firm's fifty day moving average is $46.68 and its 200 day moving average is $49.94.
Jack in the Box Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.57%. Jack in the Box's dividend payout ratio is -90.26%.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Piper Sandler dropped their price target on Jack in the Box from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group dropped their price objective on shares of Jack in the Box from $55.00 to $47.00 and set a "sell" rating on the stock in a research report on Monday, October 21st. TD Cowen restated a "hold" rating and set a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Northcoast Research lowered shares of Jack in the Box from a "buy" rating to a "neutral" rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada lowered their price target on shares of Jack in the Box from $70.00 to $65.00 and set an "outperform" rating on the stock in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Jack in the Box has a consensus rating of "Hold" and an average price target of $60.38.
Read Our Latest Analysis on JACK
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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