Norges Bank Acquires New Shares in Jack in the Box Inc. (NASDAQ:JACK)

Norges Bank bought a new position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,481 shares of the restaurant operator's stock, valued at approximately $978,000. Norges Bank owned 0.12% of Jack in the Box as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in JACK. GAMMA Investing LLC boosted its holdings in 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 valued at $44,000 after purchasing an additional 735 shares in the last quarter. KBC Group NV grew its holdings in Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock worth $51,000 after acquiring an additional 616 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Jack in the Box by 168.6% in 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 period. R Squared Ltd acquired a new position in shares of Jack in the Box during the 4th quarter worth $72,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Jack in the Box during the fourth quarter worth about $137,000. Hedge funds and other institutional investors own 99.79% of the company's stock.

Jack in the Box Trading Down 2.9 %

JACK stock traded down $0.71 during mid-day trading on Tuesday, hitting $23.71. 710,723 shares of the company were exchanged, compared to its average volume of 634,398. The company has a market capitalization of $447.12 million, a PE ratio of -12.16, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. 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 twelve month low of $22.34 and a twelve month high of $61.69.

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Jack in the Box (NASDAQ:JACK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm had revenue of $469.44 million during the quarter, compared to analyst estimates of $470.47 million. As a group, sell-side analysts anticipate 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. Shareholders of record on Thursday, March 20th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date was Thursday, March 20th. Jack in the Box's dividend payout ratio is presently -82.63%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Robert W. Baird lowered their price target on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Barclays dropped their price target on Jack in the Box from $44.00 to $40.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 26th. 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 on the stock in a research note on Wednesday, February 26th. UBS Group reduced their price target on shares of 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, TD Securities restated a "hold" rating and set a $42.00 price objective on shares of Jack in the Box in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $47.82.

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.