Allspring Global Investments Holdings LLC grew its stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 738,297 shares of the restaurant operator's stock after purchasing an additional 25,881 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 3.92% of Jack in the Box worth $30,244,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Aigen Investment Management LP lifted its position in Jack in the Box by 238.5% in the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator's stock valued at $1,018,000 after purchasing an additional 15,409 shares during the last quarter. Barclays PLC increased its stake in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock valued at $10,060,000 after purchasing an additional 89,649 shares during the period. Biglari Sardar raised its holdings in shares of Jack in the Box by 14.2% during the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator's stock valued at $4,501,000 after buying an additional 12,000 shares during the last quarter. Access Investment Management LLC acquired a new position in shares of Jack in the Box during the third quarter worth approximately $1,475,000. Finally, Stifel Financial Corp grew its holdings in Jack in the Box by 111.6% in the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator's stock worth $3,802,000 after buying an additional 43,086 shares in the last quarter. 99.79% of the stock is owned by institutional investors.
Jack in the Box Trading Down 2.9 %
Shares of Jack in the Box stock traded down $1.17 on Wednesday, reaching $39.14. 497,342 shares of the company were exchanged, compared to its average volume of 544,773. Jack in the Box Inc. has a fifty-two week low of $36.36 and a fifty-two week high of $76.56. The firm has a market capitalization of $738.12 million, a price-to-earnings ratio of -20.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The stock has a fifty day moving average price of $40.38 and a 200-day moving average price of $45.14.
Analyst Upgrades and Downgrades
Several analysts have weighed in on JACK shares. UBS Group cut their target price on Jack in the Box from $50.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Barclays upped their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an "equal weight" rating in a report on Thursday, November 21st. Bank of America raised their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the company a "buy" rating in a research note on Tuesday, October 22nd. Wedbush reduced their price target on shares of Jack in the Box from $60.00 to $50.00 and set an "outperform" rating for the company in a research note on Monday, November 18th. Finally, Piper Sandler decreased their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a "neutral" rating for the company in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Jack in the Box currently has a consensus rating of "Hold" and an average price target of $54.50.
View Our Latest Report on JACK
Insider Buying and Selling
In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 2,190 shares of company stock valued at $92,961. 1.40% of the stock is owned by corporate insiders.
About Jack in the Box
(
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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