Canada Pension Plan Investment Board decreased its position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 77.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,700 shares of the restaurant operator's stock after selling 12,400 shares during the quarter. Canada Pension Plan Investment Board's holdings in Jack in the Box were worth $154,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Jack in the Box during the fourth quarter valued at about $7,655,000. IPG Investment Advisors LLC raised its holdings 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 buying an additional 163,834 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in 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 worth $8,192,000 after buying an additional 126,101 shares during the period. Barclays PLC grew 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 worth $10,060,000 after acquiring an additional 89,649 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position 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 acquiring an additional 47,851 shares during the period. Institutional investors own 99.79% of the company's stock.
Jack in the Box Trading Up 3.0 %
Jack in the Box stock traded up $0.78 during midday trading on Thursday, reaching $26.82. The stock had a trading volume of 188,743 shares, compared to its average volume of 656,986. The company has a fifty day moving average price of $29.13 and a two-hundred day moving average price of $38.58. The company has a market capitalization of $505.83 million, a P/E ratio of -13.77, a PEG ratio of 1.29 and a beta of 1.81. Jack in the Box Inc. has a 12 month low of $22.01 and a 12 month high of $60.73.
Jack in the Box (NASDAQ:JACK - Get Free Report) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.21. The firm had revenue of $469.44 million during the quarter, compared to analyst estimates 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, 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 Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 6.56%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's payout ratio is -82.63%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Oppenheimer cut their price target on shares of Jack in the Box from $60.00 to $52.00 and set an "outperform" rating on the stock in a report on Tuesday, January 7th. Barclays reduced their price target on Jack in the Box from $40.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Truist Financial decreased their price target on 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. Stifel Nicolaus set a $32.00 price objective on Jack in the Box and gave the stock a "buy" rating in a research note on Monday. Finally, Morgan Stanley decreased their target price on shares of Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of "Hold" and a consensus price target of $44.00.
Read Our Latest Research Report on Jack in the Box
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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