Northern Trust Corp Grows Position in Jack in the Box Inc. (NASDAQ:JACK)

Northern Trust Corp grew its position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 10.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 219,189 shares of the restaurant operator's stock after buying an additional 21,182 shares during the quarter. Northern Trust Corp owned 1.16% of Jack in the Box worth $9,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC boosted 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 acquiring an additional 89,649 shares during the period. SG Americas Securities LLC increased its stake 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. Janney Montgomery Scott LLC lifted its position in shares of 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 in the last quarter. Inspire Investing LLC boosted its stake in shares of Jack in the Box by 10.2% in the fourth quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator's stock valued at $445,000 after purchasing an additional 993 shares during the period. Finally, KBC Group NV boosted its stake in shares of Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock valued at $51,000 after purchasing an additional 616 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JACK shares. Royal Bank of Canada cut their target price on shares of Jack in the Box from $45.00 to $30.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. TD Securities reaffirmed a "hold" rating and set a $31.00 price objective on shares of Jack in the Box in a research report on Thursday, May 15th. Stifel Nicolaus set a $32.00 price objective on Jack in the Box and gave the company a "buy" rating in a research note on Monday, April 28th. Wall Street Zen upgraded Jack in the Box from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Wedbush downgraded Jack in the Box from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.32.

Jack in the Box Trading Up 1.5%

JACK stock traded up $0.30 during trading on Thursday, hitting $20.24. 1,121,652 shares of the company's stock were exchanged, compared to its average volume of 673,944. The business has a 50-day moving average price of $26.02 and a two-hundred day moving average price of $36.30. The stock has a market capitalization of $382.11 million, a price-to-earnings ratio of -10.38, a PEG ratio of 1.29 and a beta of 1.35. Jack in the Box Inc. has a 52-week low of $19.54 and a 52-week high of $60.73.

Jack in the Box (NASDAQ:JACK - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The company had revenue of $336.70 million for the quarter, compared to analysts' expectations of $345.81 million. During the same quarter last year, the company earned $1.46 earnings per share. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors 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 dividend on an annualized basis and a yield of 8.70%. Jack in the Box's dividend payout ratio (DPR) is presently -16.21%.

Jack in the Box Company 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.