Stifel Financial Corp Grows Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Stifel Financial Corp raised its stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 111.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,691 shares of the restaurant operator's stock after buying an additional 43,086 shares during the quarter. Stifel Financial Corp owned approximately 0.43% of Jack in the Box worth $3,802,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box in the third quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 during the last quarter. SG Americas Securities LLC purchased a new position in shares of Jack in the Box during the 3rd quarter worth $185,000. Selway Asset Management acquired a new stake in shares of Jack in the Box during the 3rd quarter worth about $228,000. Finally, GSA Capital Partners LLP purchased a new stake in Jack in the Box in the 3rd quarter valued at about $229,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JACK. The Goldman Sachs Group dropped their price objective on Jack in the Box from $55.00 to $47.00 and set a "sell" rating for the company in a research note on Monday, October 21st. UBS Group cut their price target on shares of Jack in the Box from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Friday, October 4th. Loop Capital lowered their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a "buy" rating for the company in a research note on Monday, October 14th. Bank of America lifted their price objective on shares of Jack in the Box from $72.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus reduced their target price on shares of Jack in the Box from $55.00 to $52.00 and set a "hold" rating on the stock in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Jack in the Box presently has an average rating of "Hold" and an average price target of $59.88.

Jack in the Box Price Performance

Shares of JACK traded down $0.36 during mid-day trading on Tuesday, reaching $42.85. The company's stock had a trading volume of 543,885 shares, compared to its average volume of 516,741. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20. The stock has a market cap of $806.91 million, a PE ratio of -22.16, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. The company's 50 day moving average is $47.25 and its 200 day moving average is $49.51.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 4.11%. Jack in the Box's dividend payout ratio is currently -90.26%.

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.