Manning & Napier Advisors LLC Boosts Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Manning & Napier Advisors LLC lifted its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 22.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 104,382 shares of the restaurant operator's stock after purchasing an additional 19,382 shares during the quarter. Manning & Napier Advisors LLC owned about 0.55% of Jack in the Box worth $4,346,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invenomic Capital Management LP purchased a new stake in shares of Jack in the Box in the 3rd quarter valued at approximately $11,802,000. Barclays PLC grew its stake in shares of Jack in the Box by 70.9% during the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock worth $10,060,000 after purchasing an additional 89,649 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Jack in the Box by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator's stock valued at $33,156,000 after buying an additional 85,461 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Jack in the Box by 191.5% in the third quarter. Point72 Asset Management L.P. now owns 88,000 shares of the restaurant operator's stock valued at $4,096,000 after buying an additional 57,810 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Jack in the Box by 111.6% in the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator's stock valued at $3,802,000 after buying an additional 43,086 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JACK. Oppenheimer dropped their price objective on Jack in the Box from $60.00 to $52.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Piper Sandler reduced 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 research report on Wednesday, October 30th. Guggenheim dropped their target price on shares of Jack in the Box from $95.00 to $60.00 and set a "buy" rating on the stock in a research report on Wednesday, November 20th. StockNews.com cut shares of Jack in the Box from a "hold" rating to a "sell" rating in a research report on Wednesday, January 15th. Finally, The Goldman Sachs Group decreased their price objective on shares of Jack in the Box from $55.00 to $47.00 and set a "sell" rating for the company in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $54.50.

Insider Transactions at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction 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. The trade was a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 2,343 shares of company stock valued at $100,601 in the last 90 days. 1.60% of the stock is currently owned by insiders.

Jack in the Box Stock Performance

JACK stock traded up $0.62 during trading on Thursday, reaching $39.98. 171,673 shares of the company were exchanged, compared to its average volume of 565,364. Jack in the Box Inc. has a 52-week low of $36.36 and a 52-week high of $80.62. The company has a market cap of $752.84 million, a P/E ratio of -20.50, a PEG ratio of 1.28 and a beta of 1.94. The stock's 50 day moving average price is $42.65 and its 200 day moving average price is $46.78.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.40%. The ex-dividend date of this dividend was Thursday, December 12th. Jack in the Box's dividend payout ratio (DPR) is -90.26%.

Jack in the Box Company 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.