SG Americas Securities LLC Has $478,000 Holdings in Jack in the Box Inc. (NASDAQ:JACK)

SG Americas Securities LLC raised its position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 188.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,484 shares of the restaurant operator's stock after buying an additional 7,504 shares during the period. SG Americas Securities LLC owned about 0.06% of Jack in the Box worth $478,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box in the third quarter valued at $41,000. GAMMA Investing LLC boosted its stake in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock valued at $44,000 after buying an additional 735 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased 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 valued at $100,000 after purchasing an additional 1,354 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator's stock worth $226,000 after acquiring an additional 819 shares during the period. Finally, Selway Asset Management purchased a new stake in shares of Jack in the Box in the 3rd quarter worth about $228,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JACK has been the subject of several analyst reports. Northcoast Research downgraded shares of Jack in the Box from a "buy" rating to a "neutral" rating in a research note on Thursday, November 14th. Stifel Nicolaus reduced their price objective on Jack in the Box from $52.00 to $40.00 and set a "hold" rating on the stock in a research note on Friday, January 10th. Guggenheim decreased their target price on shares of Jack in the Box from $95.00 to $60.00 and set a "buy" rating for the company in a research note on Wednesday, November 20th. Truist Financial dropped their price target on shares of Jack in the Box from $70.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, Oppenheimer lowered their target price on Jack in the Box from $60.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $54.50.

Jack in the Box Stock Performance

Shares of NASDAQ JACK traded up $0.86 during midday trading on Wednesday, hitting $41.88. The company's stock had a trading volume of 433,050 shares, compared to its average volume of 556,533. The firm's fifty day moving average price is $41.96 and its 200-day moving average price is $46.30. Jack in the Box Inc. has a 1-year low of $36.36 and a 1-year high of $79.28. The firm has a market cap of $789.86 million, a P/E ratio of -21.48, a P/E/G ratio of 1.29 and a beta of 1.94.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 4.20%. Jack in the Box's dividend payout ratio is currently -90.26%.

Insider Activity

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the business's stock in a transaction 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 completion of the transaction, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 2,190 shares of company stock valued at $92,961. 1.40% of the stock is currently owned by company insiders.

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.