Victory Capital Management Inc. Lowers Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Victory Capital Management Inc. trimmed its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 419,905 shares of the restaurant operator's stock after selling 109,472 shares during the quarter. Victory Capital Management Inc. owned approximately 2.23% of Jack in the Box worth $17,485,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Invenomic Capital Management LP bought a new stake in Jack in the Box during the 3rd quarter valued at $11,802,000. Barclays PLC boosted its position in Jack in the Box by 70.9% during 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. Point72 Asset Management L.P. boosted its position in Jack in the Box by 191.5% during the third quarter. Point72 Asset Management L.P. now owns 88,000 shares of the restaurant operator's stock valued at $4,096,000 after purchasing an additional 57,810 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Jack in the Box by 12.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator's stock valued at $18,170,000 after purchasing an additional 47,851 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Jack in the Box by 111.6% in the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator's stock worth $3,802,000 after purchasing an additional 43,086 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the sale, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Jack in the Box Price Performance

NASDAQ:JACK opened at $33.73 on Wednesday. The firm has a market cap of $636.08 million, a price-to-earnings ratio of -17.30, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95. The company has a 50 day moving average price of $38.85 and a 200-day moving average price of $43.48. Jack in the Box Inc. has a 1-year low of $32.69 and a 1-year high of $75.23.

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

Jack in the Box Announces Dividend

The business also recently declared 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. This represents a $1.76 annualized dividend and a yield of 5.22%. The ex-dividend date is Thursday, March 20th. Jack in the Box's payout ratio is presently -82.63%.

Wall Street Analyst Weigh In

JACK has been the subject of a number of analyst reports. Truist Financial decreased their target price on shares of Jack in the Box from $57.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. TD Cowen restated a "hold" rating and set a $50.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. UBS Group decreased their price target on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus reduced their target price on Jack in the Box from $52.00 to $40.00 and set a "hold" rating for the company in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $51.00 to $46.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box has a consensus rating of "Hold" and a consensus price target of $49.56.

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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