BNP Paribas Financial Markets Has $2.95 Million Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

BNP Paribas Financial Markets increased its position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 505.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its position in shares of Jack in the Box by 3.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator's stock worth $30,244,000 after acquiring an additional 25,881 shares in the last quarter. IPG Investment Advisors LLC lifted its stake in 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 during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Jack in the Box by 12.3% in the 4th 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. Northern Trust Corp lifted its stake in 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 valued at $9,127,000 after purchasing an additional 21,182 shares during the last quarter. Finally, Barclays PLC lifted its stake 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 valued at $10,060,000 after purchasing an additional 89,649 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Loop Capital dropped their price objective on shares of Jack in the Box from $65.00 to $61.00 and set a "buy" rating for the company in a research note on Thursday. Robert W. Baird dropped their price objective on shares of Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Truist Financial dropped their price objective on shares of Jack in the Box from $57.00 to $51.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. Sanford C. Bernstein set a $24.00 price target on shares of Jack in the Box in a research note on Tuesday, April 22nd. Finally, Barclays dropped their price target 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. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Jack in the Box currently has a consensus rating of "Hold" and a consensus target price of $42.50.

Jack in the Box Stock Down 6.3%

Shares of NASDAQ JACK opened at $24.06 on Friday. The firm's 50-day moving average price is $26.86 and its 200-day moving average price is $37.07. The company has a market cap of $453.72 million, a PE ratio of -12.34, a PEG ratio of 1.29 and a beta of 1.35. Jack in the Box Inc. has a 52-week low of $22.01 and a 52-week high of $60.73.

Jack in the Box (NASDAQ:JACK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.07. The firm had revenue of $336.70 million for 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%. The business's quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.46 EPS. As a group, equities research analysts anticipate that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 7.32%. Jack in the Box's payout ratio is presently -82.63%.

About Jack in the Box

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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