LSV Asset Management Sells 28,130 Shares of Jack in the Box Inc. (NASDAQ:JACK)

LSV Asset Management lessened its position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 3.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 891,204 shares of the restaurant operator's stock after selling 28,130 shares during the period. LSV Asset Management owned approximately 4.73% of Jack in the Box worth $37,110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its position in shares of Jack in the Box by 47.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 11,699 shares of the restaurant operator's stock valued at $544,000 after acquiring an additional 3,754 shares during the last quarter. Stifel Financial Corp lifted its position in Jack in the Box by 111.6% during the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator's stock valued at $3,802,000 after purchasing an additional 43,086 shares during the last quarter. EP Wealth Advisors LLC bought a new stake in Jack in the Box during the third quarter valued at approximately $372,000. XTX Topco Ltd purchased a new position in Jack in the Box in the 3rd quarter worth approximately $429,000. Finally, MML Investors Services LLC increased its holdings in shares of Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator's stock worth $226,000 after buying an additional 819 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages have issued reports on JACK. Wedbush lowered Jack in the Box from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $40.00 in a research note on Friday, February 21st. Robert W. Baird cut their target price on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Stifel Nicolaus reduced their price target on shares of Jack in the Box from $40.00 to $35.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Royal Bank of Canada lowered their price objective on shares of 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. Finally, TD Securities reaffirmed a "hold" rating and set a $42.00 target price on shares of Jack in the Box in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $47.82.

Jack in the Box Trading Down 2.9 %

JACK stock traded down $0.71 on Tuesday, hitting $23.71. The company had a trading volume of 710,723 shares, compared to its average volume of 635,419. Jack in the Box Inc. has a 12-month low of $22.34 and a 12-month high of $61.69. The stock has a market cap of $447.12 million, a price-to-earnings ratio of -12.16, a P/E/G ratio of 1.29 and a beta of 1.81. The stock's 50-day simple moving average is $32.37 and its 200 day simple moving average is $40.10.

Jack in the Box (NASDAQ:JACK - Get Free Report) last released 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 firm had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. Research analysts forecast that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

The firm 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's payout ratio is -82.63%.

Jack in the Box Profile

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.