Dimensional Fund Advisors LP Sells 55,908 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Dimensional Fund Advisors LP cut its position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 13.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 372,237 shares of the restaurant operator's stock after selling 55,908 shares during the quarter. Dimensional Fund Advisors LP owned about 1.97% of Jack in the Box worth $15,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in JACK. Barclays PLC grew its stake in shares of Jack in the Box by 70.9% in the third 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 in the last quarter. GAMMA Investing LLC boosted its position in Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock worth $44,000 after purchasing an additional 735 shares during the period. West Oak Capital LLC boosted its position in Jack in the Box by 30,452.9% during the fourth quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator's stock worth $891,000 after purchasing an additional 21,317 shares during the period. SG Americas Securities LLC boosted its position in Jack in the Box by 188.5% during the fourth quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator's stock worth $478,000 after purchasing an additional 7,504 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in Jack in the Box by 53.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator's stock worth $578,000 after purchasing an additional 4,838 shares during the period. 99.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on JACK. Sanford C. Bernstein set a $24.00 price objective on shares of Jack in the Box in a research report on Tuesday, April 22nd. Royal Bank of Canada reduced their price objective on shares of Jack in the Box from $45.00 to $30.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Guggenheim reaffirmed a "buy" rating and issued a $55.00 price target on shares of Jack in the Box in a research note on Thursday, February 27th. Barclays dropped their price target on Jack in the Box from $40.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Truist Financial dropped 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. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, Jack in the Box presently has an average rating of "Hold" and a consensus target price of $44.00.

Jack in the Box Stock Performance

Shares of NASDAQ:JACK traded down $2.47 during midday trading on Tuesday, hitting $26.33. 651,822 shares of the stock were exchanged, compared to its average volume of 815,824. The stock has a market capitalization of $496.53 million, a price-to-earnings ratio of -13.50, a P/E/G ratio of 1.29 and a beta of 1.35. The business's 50-day moving average price is $27.60 and its 200 day moving average price is $37.41. 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 released its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.21. The company 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%. As a group, sell-side analysts expect that Jack in the Box Inc. will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 6.68%. The ex-dividend date was Thursday, March 20th. Jack in the Box's dividend payout ratio (DPR) is currently -82.63%.

Jack in the Box 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.