Vanguard Group Inc. cut its stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,212,557 shares of the restaurant operator's stock after selling 150,373 shares during the period. Vanguard Group Inc. owned about 11.73% of Jack in the Box worth $92,131,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in shares of Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 735 shares in the last quarter. KBC Group NV boosted its stake in Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock worth $51,000 after buying an additional 616 shares in the last quarter. PNC Financial Services Group Inc. grew its position in Jack in the Box by 168.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator's stock valued at $65,000 after acquiring an additional 978 shares during the last quarter. R Squared Ltd purchased a new position in shares of Jack in the Box during the fourth quarter worth approximately $72,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Jack in the Box in the 4th quarter worth approximately $137,000. Institutional investors own 99.79% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently commented on JACK. Guggenheim reaffirmed a "buy" rating and set a $55.00 target price on shares of Jack in the Box in a report on Thursday, February 27th. Truist Financial reduced their price objective on Jack in the Box from $57.00 to $51.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Royal Bank of Canada dropped their target price on Jack in the Box from $55.00 to $45.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Wedbush downgraded Jack in the Box from an "outperform" rating to a "neutral" rating and lowered their price objective for the company from $50.00 to $40.00 in a research report on Friday, February 21st. Finally, Barclays dropped their price objective on Jack in the Box from $44.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $47.82.
Get Our Latest Report on Jack in the Box
Jack in the Box Price Performance
JACK stock traded up $0.01 on Tuesday, reaching $24.43. 95,216 shares of the company traded hands, compared to its average volume of 632,011. The firm has a fifty day simple moving average of $32.75 and a 200-day simple moving average of $40.21. Jack in the Box Inc. has a one year low of $22.34 and a one year high of $61.69. The company has a market cap of $460.63 million, a P/E ratio of -12.53, a price-to-earnings-growth 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. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The company had revenue of $469.44 million for the quarter, compared to analysts' expectations of $470.47 million. On average, sell-side analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current year.
Jack in the Box Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 7.21%. Jack in the Box's payout ratio is currently -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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