Proficio Capital Partners LLC Buys Shares of 15,990 Jack in the Box Inc. (NASDAQ:JACK)

Proficio Capital Partners LLC acquired a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,990 shares of the restaurant operator's stock, valued at approximately $666,000. Proficio Capital Partners LLC owned approximately 0.08% of Jack in the Box at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in JACK. Charles Schwab Investment Management Inc. boosted its stake in Jack in the Box by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator's stock worth $18,170,000 after purchasing an additional 47,851 shares during the period. Barclays PLC lifted its holdings in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock valued at $10,060,000 after purchasing an additional 89,649 shares in the last quarter. Biglari Sardar boosted its position in shares of Jack in the Box by 14.2% in the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator's stock worth $4,501,000 after buying an additional 12,000 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Jack in the Box by 3.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator's stock valued at $30,244,000 after buying an additional 25,881 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Jack in the Box by 111.6% during the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator's stock valued at $3,802,000 after buying an additional 43,086 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.

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Jack in the Box Trading Down 1.7 %

Jack in the Box stock traded down $0.48 during mid-day trading on Wednesday, hitting $28.36. 774,646 shares of the company's stock were exchanged, compared to its average volume of 590,746. Jack in the Box Inc. has a 1-year low of $28.20 and a 1-year high of $70.81. The stock has a 50 day moving average of $37.21 and a two-hundred day moving average of $42.25. The stock has a market cap of $534.81 million, a P/E ratio of -14.54, a P/E/G ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. As a group, 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 company also recently announced 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 is Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 6.21%. Jack in the Box's dividend payout ratio (DPR) is presently -82.63%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JACK. StockNews.com upgraded Jack in the Box from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. TD Securities restated a "hold" rating and set a $42.00 price target on shares of Jack in the Box in a report on Wednesday, February 26th. UBS Group lowered their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley cut their target price on shares of Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. Finally, Royal Bank of Canada decreased their target price on shares of Jack in the Box from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $49.25.

About Jack in the Box

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.