BNP Paribas Financial Markets increased its stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 505.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,843 shares of the restaurant operator's stock after acquiring an additional 59,144 shares during the period. BNP Paribas Financial Markets owned about 0.38% of Jack in the Box worth $2,950,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Jack in the Box in the 4th quarter worth approximately $7,655,000. IPG Investment Advisors LLC boosted its stake in shares of Jack in the Box by 59.2% in the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator's stock valued at $18,347,000 after purchasing an additional 163,834 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings 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. Barclays PLC raised its position in Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock worth $10,060,000 after purchasing an additional 89,649 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $18,170,000 after buying an additional 47,851 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have commented on JACK shares. Northcoast Research cut Jack in the Box from a "neutral" rating to a "sell" rating and set a $20.00 price target on the stock. in a research note on Monday. UBS Group dropped their price target on shares of Jack in the Box from $44.00 to $27.00 and set a "neutral" rating for the company in a research report on Thursday, May 15th. Stifel Nicolaus set a $32.00 price objective on shares of Jack in the Box and gave the company a "buy" rating in a research report on Monday, April 28th. Loop Capital cut their target price on Jack in the Box from $65.00 to $61.00 and set a "buy" rating on the stock in a research note on Thursday, May 15th. Finally, Wedbush lowered Jack in the Box from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.32.
Check Out Our Latest Analysis on JACK
Jack in the Box Price Performance
Jack in the Box stock traded down $1.21 during mid-day trading on Wednesday, reaching $20.79. The stock had a trading volume of 229,201 shares, compared to its average volume of 666,187. Jack in the Box Inc. has a one year low of $20.74 and a one year high of $60.73. The company has a 50-day moving average price of $26.25 and a two-hundred day moving average price of $36.41. The company has a market capitalization of $392.40 million, a price-to-earnings ratio of -10.66, a PEG ratio of 1.29 and a beta of 1.35.
Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. The business had revenue of $336.70 million during the quarter, compared to analysts' expectations 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%. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.46 earnings per share. On average, equities research 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 8.47%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's dividend payout ratio is currently -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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