Principal Financial Group Inc. trimmed its holdings in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 19.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 90,649 shares of the restaurant operator's stock after selling 21,366 shares during the period. Principal Financial Group Inc. owned 0.48% of Jack in the Box worth $4,219,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in Jack in the Box by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator's stock worth $496,000 after acquiring an additional 358 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Jack in the Box by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator's stock valued at $255,000 after buying an additional 503 shares in the last quarter. MML Investors Services LLC grew its stake in Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator's stock worth $226,000 after buying an additional 819 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box in the third quarter worth $41,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator's stock valued at $100,000 after acquiring an additional 1,354 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have commented on the company. Northcoast Research lowered Jack in the Box from a "buy" rating to a "neutral" rating in a research report on Thursday, November 14th. StockNews.com downgraded shares of Jack in the Box from a "hold" rating to a "sell" rating in a research note on Monday. Barclays increased their target price on Jack in the Box from $46.00 to $50.00 and gave the company an "equal weight" rating in a research note on Thursday, November 21st. The Goldman Sachs Group cut their price target on shares of Jack in the Box from $55.00 to $47.00 and set a "sell" rating on the stock in a report on Monday, October 21st. Finally, Royal Bank of Canada dropped their target price on shares of Jack in the Box from $70.00 to $65.00 and set an "outperform" rating for the company in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $59.88.
View Our Latest Stock Report on Jack in the Box
Insider Activity at Jack in the Box
In related news, SVP Sarah L. Super sold 1,688 shares of the company's 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 transaction, the senior vice president now directly owns 16,815 shares of the company's stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,343 shares of company stock valued at $100,601 in the last quarter. Insiders own 1.60% of the company's stock.
Jack in the Box Stock Down 1.2 %
JACK traded down $0.49 during trading on Friday, hitting $40.48. The company had a trading volume of 589,830 shares, compared to its average volume of 578,265. The firm's 50-day moving average price is $45.94 and its 200 day moving average price is $48.14. Jack in the Box Inc. has a one year low of $38.12 and a one year high of $86.20. The company has a market capitalization of $762.28 million, a PE ratio of -20.76, a PEG ratio of 1.49 and a beta of 1.92.
Jack in the Box Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.35%. Jack in the Box's dividend payout ratio (DPR) is currently -90.26%.
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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