Raymond James Financial Inc. Buys Shares of 183,830 Jack in the Box Inc. (NASDAQ:JACK)

Raymond James Financial Inc. purchased a new stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 183,830 shares of the restaurant operator's stock, valued at approximately $7,655,000. Raymond James Financial Inc. owned about 0.97% of Jack in the Box as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Polymer Capital Management US LLC bought a new position in Jack in the Box in the fourth quarter valued at about $415,000. Quadrant Capital Group LLC grew its holdings in shares of Jack in the Box by 96.7% during the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock valued at $37,000 after purchasing an additional 442 shares during the last quarter. Rangeley Capital LLC acquired a new position in Jack in the Box during the 4th quarter worth approximately $1,145,000. Bryce Point Capital LLC bought a new position in Jack in the Box in the 4th quarter valued at approximately $562,000. Finally, Headlands Technologies LLC boosted its position in Jack in the Box by 29.8% in the fourth quarter. Headlands Technologies LLC now owns 5,643 shares of the restaurant operator's stock valued at $235,000 after buying an additional 1,295 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.

Jack in the Box Stock Up 2.5 %

Shares of JACK stock opened at $25.44 on Wednesday. The firm has a 50 day moving average of $30.80 and a 200-day moving average of $39.32. The company has a market cap of $479.75 million, a price-to-earnings ratio of -13.05, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. Jack in the Box Inc. has a 52 week low of $22.34 and a 52 week high of $60.73.

Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.21. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The business had revenue of $469.44 million during the quarter, compared to analysts' expectations of $470.47 million. Analysts anticipate that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date was Thursday, March 20th. Jack in the Box's dividend payout ratio (DPR) is currently -82.63%.

Wall Street Analyst Weigh In

JACK has been the subject of a number of research reports. UBS Group dropped their price target on Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Wedbush downgraded Jack in the Box from an "outperform" rating to a "neutral" rating and dropped their target price for the company from $50.00 to $40.00 in a research report on Friday, February 21st. Stifel Nicolaus reduced their price target on Jack in the Box from $40.00 to $35.00 and set a "hold" rating on the stock in a report on Monday, March 24th. Royal Bank of Canada lowered their price objective on 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. Finally, Robert W. Baird reduced their target price on shares of 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $46.88.

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.

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