Bank of America Corp DE trimmed its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 758,007 shares of the restaurant operator's stock after selling 54,469 shares during the quarter. Bank of America Corp DE owned 4.02% of Jack in the Box worth $31,563,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Jack in the Box by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator's stock worth $18,170,000 after acquiring an additional 47,851 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Jack in the Box by 10.7% in the 4th quarter. Northern Trust Corp now owns 219,189 shares of the restaurant operator's stock worth $9,127,000 after purchasing an additional 21,182 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Jack in the Box in the 4th quarter worth approximately $7,655,000. Arrowstreet Capital Limited Partnership increased its position in shares of Jack in the Box by 178.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator's stock valued at $8,192,000 after purchasing an additional 126,101 shares during the last quarter. Finally, Barclays PLC raised its holdings in Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock valued at $10,060,000 after buying an additional 89,649 shares during the period. Institutional investors own 99.79% of the company's stock.
Analysts Set New Price Targets
JACK has been the subject of several recent analyst reports. Barclays dropped their price objective on shares of Jack in the Box from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Thursday, May 15th. Wedbush lowered shares of Jack in the Box from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Guggenheim reiterated a "buy" rating and set a $55.00 price target on shares of Jack in the Box in a report on Thursday, February 27th. Northcoast Research lowered shares of Jack in the Box from a "neutral" rating to a "sell" rating and set a $20.00 price objective on the stock. in a research report on Monday. Finally, StockNews.com raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $41.32.
View Our Latest Analysis on JACK
Jack in the Box Price Performance
Shares of NASDAQ:JACK traded down $0.01 during trading hours on Thursday, hitting $19.93. The company's stock had a trading volume of 157,041 shares, compared to its average volume of 670,307. The firm's fifty day moving average price is $26.02 and its 200 day moving average price is $36.30. Jack in the Box Inc. has a 52 week low of $19.54 and a 52 week high of $60.73. The company has a market capitalization of $376.30 million, a price-to-earnings ratio of -10.23, a P/E/G ratio of 1.29 and a beta of 1.35.
Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. The company had revenue of $336.70 million during the quarter, compared to the consensus estimate of $345.81 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. Jack in the Box's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 earnings per share. On average, equities research analysts predict 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 was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 8.83%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's payout ratio is -16.21%.
About Jack in the Box
(
Free Report)
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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