102,042 Shares in Jack in the Box Inc. (NASDAQ:JACK) Purchased by Woodline Partners LP

Woodline Partners LP acquired a new position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 102,042 shares of the restaurant operator's stock, valued at approximately $4,249,000. Woodline Partners LP owned 0.54% of Jack in the Box at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of JACK. Quadrant Capital Group LLC grew its holdings in shares of Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock worth $37,000 after acquiring an additional 442 shares during the period. KBC Group NV grew its holdings 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 worth $51,000 after acquiring an additional 616 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator's stock worth $65,000 after acquiring an additional 978 shares during the period. R Squared Ltd bought a new stake in shares of Jack in the Box in the fourth quarter worth $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 own 99.79% of the company's stock.

Jack in the Box Stock Performance

Shares of Jack in the Box stock traded down $0.22 during trading hours on Friday, hitting $19.33. The company's stock had a trading volume of 193,621 shares, compared to its average volume of 674,111. The business has a 50 day moving average price of $24.71 and a two-hundred day moving average price of $35.09. Jack in the Box Inc. has a 12-month low of $19.18 and a 12-month high of $60.73. The company has a market cap of $364.86 million, a PE ratio of -9.90, a PEG ratio of 1.29 and a beta of 1.35.

Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. The company 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 return on equity of 15.79% and a negative net margin of 2.34%. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.46 earnings per share. As a group, research analysts anticipate that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The company also recently announced 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 was Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 9.11%. Jack in the Box's dividend payout ratio is currently -16.21%.

Wall Street Analyst Weigh In

Several analysts have issued reports on JACK shares. TD Securities reissued a "hold" rating and set a $31.00 price target on shares of Jack in the Box in a report on Thursday, May 15th. Wall Street Zen raised Jack in the Box from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Barclays cut their price target on Jack in the Box from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 15th. Loop Capital cut their price target on Jack in the Box from $65.00 to $61.00 and set a "buy" rating for the company in a report on Thursday, May 15th. Finally, Truist Financial lowered Jack in the Box from a "buy" rating to a "hold" rating and cut their price target for the company from $51.00 to $22.00 in a report on Tuesday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Jack in the Box currently has a consensus rating of "Hold" and an average price target of $39.79.

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.