Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by Phocas Financial Corp.

Phocas Financial Corp. decreased its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 85.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,361 shares of the restaurant operator's stock after selling 58,843 shares during the period. Phocas Financial Corp. owned approximately 0.05% of Jack in the Box worth $431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box in the 3rd quarter worth approximately $41,000. GAMMA Investing LLC grew its holdings in shares of 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 worth $44,000 after acquiring an additional 735 shares during the period. KBC Group NV grew its holdings in shares of Jack in the Box by 99.5% in the 4th 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. R Squared Ltd acquired a new stake in shares of Jack in the Box in the 4th quarter worth approximately $72,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Jack in the Box by 172.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator's stock worth $100,000 after acquiring an additional 1,354 shares during the period. Institutional investors and hedge funds own 99.79% of the company's stock.

Jack in the Box Stock Down 0.5 %

Shares of JACK stock traded down $0.18 on Friday, reaching $38.44. 690,484 shares of the stock were exchanged, compared to its average volume of 665,002. Jack in the Box Inc. has a 1-year low of $32.69 and a 1-year high of $76.56. The stock has a market cap of $724.90 million, a P/E ratio of -19.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The firm has a 50 day moving average of $39.51 and a two-hundred day moving average of $44.34.

Jack in the Box (NASDAQ:JACK - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) 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 the consensus estimate of $470.47 million. On average, equities research analysts predict 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 will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 4.58%. Jack in the Box's dividend payout ratio is currently -82.63%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JACK. StockNews.com upgraded Jack in the Box from a "sell" rating to a "hold" rating in a report on Thursday. Northcoast Research lowered Jack in the Box from a "buy" rating to a "neutral" rating in a research note on Thursday, November 14th. Guggenheim reaffirmed a "buy" rating and issued a $55.00 target price on shares of Jack in the Box in a research note on Thursday. Barclays reduced their price target on Jack in the Box from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Finally, Oppenheimer reduced their price target on Jack in the Box from $60.00 to $52.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $49.56.

Insider Activity at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the sale, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 2,190 shares of company stock worth $92,961. Corporate insiders own 1.40% of the company's stock.

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.