Invenomic Capital Management LP Purchases 103,176 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Invenomic Capital Management LP increased its position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 40.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 356,757 shares of the restaurant operator's stock after acquiring an additional 103,176 shares during the period. Invenomic Capital Management LP owned approximately 1.89% of Jack in the Box worth $14,855,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Jack in the Box during the 4th quarter valued at about $7,655,000. IPG Investment Advisors LLC boosted its position in shares of Jack in the Box by 59.2% during the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator's stock valued at $18,347,000 after purchasing an additional 163,834 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Jack in the Box by 178.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator's stock worth $8,192,000 after buying an additional 126,101 shares during the period. Barclays PLC boosted its holdings 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 worth $10,060,000 after buying an additional 89,649 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Jack in the Box by 505.5% in the fourth quarter. BNP Paribas Financial Markets now owns 70,843 shares of the restaurant operator's stock worth $2,950,000 after buying an additional 59,144 shares during the period. Institutional investors and hedge funds own 99.79% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on JACK shares. Morgan Stanley decreased their target price on shares of Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. Royal Bank of Canada reduced their target price on shares of Jack in the Box from $45.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. StockNews.com upgraded shares of Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Stifel Nicolaus set a $32.00 target price on shares of Jack in the Box and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, Barclays dropped their price target on shares of Jack in the Box from $40.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $44.00.

Jack in the Box Price Performance

JACK stock traded down $0.71 on Wednesday, reaching $25.36. 151,471 shares of the company were exchanged, compared to its average volume of 659,148. Jack in the Box Inc. has a 12 month low of $22.01 and a 12 month high of $60.73. The stock's fifty day moving average price is $27.38 and its 200 day moving average price is $37.33. The firm has a market capitalization of $478.24 million, a PE ratio of -13.11, a PEG ratio of 1.29 and a beta of 1.35.

Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.21. The firm had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. As a group, research analysts expect that Jack in the Box Inc. will post 5.33 EPS 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 dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 6.94%. Jack in the Box's dividend payout ratio (DPR) is -82.63%.

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.