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

Northern Trust Corp increased its stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 10.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 219,189 shares of the restaurant operator's stock after acquiring an additional 21,182 shares during the period. Northern Trust Corp owned about 1.16% of Jack in the Box worth $9,127,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in JACK. Quadrant Capital Group LLC boosted its holdings in Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock valued at $37,000 after purchasing an additional 442 shares during the period. KBC Group NV lifted its stake in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock valued at $51,000 after acquiring an additional 616 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Jack in the Box by 168.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator's stock valued at $65,000 after purchasing an additional 978 shares in the last quarter. R Squared Ltd bought a new stake in Jack in the Box during the 4th quarter worth approximately $72,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Jack in the Box in the fourth quarter worth $137,000. Institutional investors and hedge funds own 99.79% of the company's stock.

Analyst Upgrades and Downgrades

JACK has been the subject of a number of recent analyst reports. Stifel Nicolaus set a $32.00 price target on Jack in the Box and gave the stock a "buy" rating in a report on Monday, April 28th. Truist Financial dropped their price target on shares of Jack in the Box from $57.00 to $51.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Guggenheim reaffirmed a "buy" rating and set a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th. TD Securities reaffirmed a "hold" rating and issued a $31.00 target price on shares of Jack in the Box in a report on Thursday, May 15th. Finally, Sanford C. Bernstein set a $24.00 price objective on shares of Jack in the Box in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box has a consensus rating of "Hold" and a consensus price target of $41.32.

Jack in the Box Stock Performance

Shares of NASDAQ:JACK traded up $0.05 on Friday, reaching $20.29. The company's stock had a trading volume of 545,080 shares, compared to its average volume of 674,033. The company has a 50-day simple moving average of $25.55 and a 200 day simple moving average of $35.77. Jack in the Box Inc. has a 52-week low of $19.40 and a 52-week high of $60.73. The company has a market cap of $383.05 million, a P/E ratio of -10.41, a PEG ratio of 1.29 and a beta of 1.35.

Jack in the Box (NASDAQ:JACK - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 EPS for the quarter, topping the consensus estimate of $1.13 by $0.07. The company had revenue of $336.70 million during the quarter, compared to analyst estimates of $345.81 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm's revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.46 earnings per share. On average, equities research analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued 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 dividend yield of 8.67%. Jack in the Box's payout ratio is -16.21%.

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.