Natixis bought a new stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 20,869 shares of the restaurant operator's stock, valued at approximately $869,000. Natixis owned approximately 0.11% of Jack in the Box at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. DRW Securities LLC purchased a new stake in shares of Jack in the Box during the fourth quarter worth $202,000. Raymond James Financial Inc. purchased a new stake in Jack in the Box during the 4th quarter worth about $7,655,000. Polymer Capital Management US LLC purchased a new stake in Jack in the Box during the 4th quarter worth about $415,000. Quadrant Capital Group LLC raised its position in Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock valued at $37,000 after purchasing an additional 442 shares in the last quarter. Finally, Rangeley Capital LLC purchased a new position in shares of Jack in the Box in the 4th quarter valued at about $1,145,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
Jack in the Box Stock Up 2.3 %
NASDAQ:JACK traded up $0.54 during trading hours on Friday, reaching $24.51. 1,176,645 shares of the company's stock were exchanged, compared to its average volume of 654,415. Jack in the Box Inc. has a 1-year low of $22.01 and a 1-year high of $60.73. The firm has a market capitalization of $462.21 million, a price-to-earnings ratio of -12.57, a P/E/G ratio of 1.29 and a beta of 1.81. The company has a 50-day moving average of $29.90 and a 200 day moving average of $38.93.
Jack in the Box (NASDAQ:JACK - Get Free Report) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million during the quarter, compared to the consensus estimate 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%. Research analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.
Jack in the Box Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 7.18%. The ex-dividend date was Thursday, March 20th. Jack in the Box's dividend payout ratio (DPR) is presently -82.63%.
Analysts Set New Price Targets
JACK has been the topic of a number of recent research reports. Wedbush lowered shares of Jack in the Box from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $50.00 to $40.00 in a research note on Friday, February 21st. Sanford C. Bernstein set a $24.00 price objective on shares of Jack in the Box in a research report on Tuesday, April 22nd. Oppenheimer decreased their price objective on shares of Jack in the Box from $60.00 to $52.00 and set an "outperform" rating for the company in a research report on Tuesday, January 7th. UBS Group dropped their target price on Jack in the Box from $50.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. Finally, Robert W. Baird decreased their price target on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $44.78.
Read Our Latest Analysis on Jack in the Box
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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