Point72 Asset Management L.P. Has $4.10 Million Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Point72 Asset Management L.P. lifted its stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 191.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,000 shares of the restaurant operator's stock after acquiring an additional 57,810 shares during the quarter. Point72 Asset Management L.P. owned 0.46% of Jack in the Box worth $4,096,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Aigen Investment Management LP boosted its stake in shares of Jack in the Box by 238.5% during the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator's stock worth $1,018,000 after acquiring an additional 15,409 shares in the last quarter. Biglari Sardar boosted its stake in shares of Jack in the Box by 14.2% during the 3rd quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator's stock worth $4,501,000 after acquiring an additional 12,000 shares in the last quarter. Access Investment Management LLC bought a new stake in shares of Jack in the Box during the 3rd quarter worth $1,475,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator's stock worth $31,937,000 after acquiring an additional 130,214 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Jack in the Box by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator's stock worth $12,505,000 after buying an additional 18,874 shares during the period. 99.79% of the stock is owned by institutional investors.

Jack in the Box Stock Up 0.6 %

Shares of NASDAQ:JACK traded up $0.27 on Monday, reaching $48.24. The company had a trading volume of 348,678 shares, compared to its average volume of 515,411. Jack in the Box Inc. has a twelve month low of $40.84 and a twelve month high of $86.20. The stock has a 50-day moving average price of $47.10 and a 200 day moving average price of $49.77. The stock has a market capitalization of $908.36 million, a P/E ratio of -25.38, a P/E/G ratio of 1.57 and a beta of 1.92.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.65%. Jack in the Box's dividend payout ratio is presently -90.26%.

Analysts Set New Price Targets

JACK has been the subject of several recent analyst reports. Northcoast Research cut Jack in the Box from a "buy" rating to a "neutral" rating in a research report on Thursday, November 14th. Barclays raised their target price on Jack in the Box from $46.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 21st. TD Cowen reaffirmed a "hold" rating and issued a $50.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered their target price on Jack in the Box from $51.00 to $46.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. Finally, Wedbush lowered their target price on Jack in the Box from $60.00 to $50.00 and set an "outperform" rating on the stock in a research note on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, Jack in the Box currently has a consensus rating of "Hold" and an average target price of $59.88.

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.