Hsbc Holdings PLC acquired a new stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 24,916 shares of the restaurant operator's stock, valued at approximately $1,037,000. Hsbc Holdings PLC owned about 0.13% of Jack in the Box as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of JACK. Stifel Financial Corp boosted its position in Jack in the Box by 11.7% during the fourth quarter. Stifel Financial Corp now owns 91,227 shares of the restaurant operator's stock valued at $3,799,000 after acquiring an additional 9,536 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Jack in the Box by 42.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,979 shares of the restaurant operator's stock valued at $207,000 after purchasing an additional 1,472 shares in the last quarter. Natixis acquired a new stake in Jack in the Box during the fourth quarter worth approximately $869,000. DRW Securities LLC bought a new stake in Jack in the Box in the fourth quarter worth approximately $202,000. Finally, Raymond James Financial Inc. acquired a new position in Jack in the Box in the fourth quarter valued at approximately $7,655,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.
Jack in the Box Stock Performance
Shares of JACK stock opened at $27.16 on Friday. The company has a market capitalization of $512.18 million, a price-to-earnings ratio of -13.93, a PEG ratio of 1.29 and a beta of 1.81. Jack in the Box Inc. has a 52-week low of $22.01 and a 52-week high of $60.73. The company has a 50-day simple moving average of $28.78 and a two-hundred day simple moving average of $38.26.
Jack in the Box (NASDAQ:JACK - Get Free Report) last released 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 company 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, sell-side analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.
Jack in the Box Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date was Thursday, March 20th. Jack in the Box's payout ratio is -82.63%.
Wall Street Analysts Forecast Growth
JACK has been the subject of several recent analyst reports. 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. Oppenheimer decreased their price target on shares of Jack in the Box from $60.00 to $52.00 and set an "outperform" rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus set a $32.00 price objective on shares of Jack in the Box and gave the stock a "buy" rating in a research report on Monday, April 28th. Robert W. Baird decreased their target price on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, StockNews.com upgraded Jack in the Box from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $44.00.
View Our Latest Stock Report on Jack in the Box
Jack in the Box Profile
(
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.
Further Reading
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