Arrowstreet Capital Limited Partnership Raises Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Arrowstreet Capital Limited Partnership boosted its position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 178.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 196,740 shares of the restaurant operator's stock after acquiring an additional 126,101 shares during the period. Arrowstreet Capital Limited Partnership owned 1.04% of Jack in the Box worth $8,192,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Jack in the Box by 3.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator's stock valued at $30,244,000 after purchasing an additional 25,881 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Jack in the Box by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator's stock valued at $18,170,000 after buying an additional 47,851 shares during the period. Barclays PLC boosted its stake in Jack in the Box by 70.9% during the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock valued at $10,060,000 after buying an additional 89,649 shares during the period. Raymond James Financial Inc. purchased a new position in Jack in the Box during the fourth quarter worth about $7,655,000. Finally, Manning & Napier Advisors LLC increased its stake in Jack in the Box by 22.8% in the 4th quarter. Manning & Napier Advisors LLC now owns 104,382 shares of the restaurant operator's stock worth $4,346,000 after acquiring an additional 19,382 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company's stock.

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Analysts Set New Price Targets

JACK has been the subject of several recent analyst reports. TD Securities reissued a "hold" rating and set a $42.00 price objective on shares of Jack in the Box in a report on Wednesday, February 26th. StockNews.com raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Barclays lowered their price objective on shares of Jack in the Box from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 26th. Truist Financial cut their target price on shares of Jack in the Box from $57.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Wedbush downgraded Jack in the Box from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $50.00 to $40.00 in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of "Hold" and an average target price of $47.82.

Jack in the Box Stock Down 0.4 %

Shares of Jack in the Box stock traded down $0.09 on Friday, hitting $24.73. The stock had a trading volume of 755,121 shares, compared to its average volume of 632,678. Jack in the Box Inc. has a one year low of $22.34 and a one year high of $61.69. The stock's 50-day simple moving average is $33.10 and its two-hundred day simple moving average is $40.39. The stock has a market cap of $466.36 million, a price-to-earnings ratio of -12.68, a PEG ratio of 1.29 and a beta of 1.81.

Jack in the Box (NASDAQ:JACK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.21. The business had revenue of $469.44 million for 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%. As a group, equities analysts predict that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 7.12%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's payout ratio is -82.63%.

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.