Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by LSV Asset Management

LSV Asset Management lessened its holdings in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 891,204 shares of the restaurant operator's stock after selling 28,130 shares during the period. LSV Asset Management owned 4.73% of Jack in the Box worth $37,110,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. BNP Paribas Financial Markets increased its position in Jack in the Box by 47.2% during the third quarter. BNP Paribas Financial Markets now owns 11,699 shares of the restaurant operator's stock worth $544,000 after buying an additional 3,754 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Jack in the Box by 111.6% during the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator's stock worth $3,802,000 after purchasing an additional 43,086 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Jack in the Box during the third quarter worth about $372,000. XTX Topco Ltd acquired a new position in shares of Jack in the Box in the third quarter valued at approximately $429,000. Finally, MML Investors Services LLC lifted its stake in shares of Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator's stock valued at $226,000 after buying an additional 819 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on JACK shares. Stifel Nicolaus reduced their price target on Jack in the Box from $40.00 to $35.00 and set a "hold" rating on the stock in a research note on Monday, March 24th. Barclays decreased their price target on Jack in the Box from $44.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 26th. UBS Group dropped their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a research note on Tuesday, January 7th. Robert W. Baird decreased their target price on shares of Jack in the Box from $34.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, StockNews.com raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $47.82.

Jack in the Box Trading Up 0.7 %

Jack in the Box stock traded up $0.16 during midday trading on Thursday, hitting $23.02. The stock had a trading volume of 189,469 shares, compared to its average volume of 634,811. The business has a fifty day moving average price of $32.02 and a 200 day moving average price of $39.98. Jack in the Box Inc. has a 12 month low of $22.34 and a 12 month high of $61.69. The stock has a market cap of $434.02 million, a P/E ratio of -11.78, a P/E/G ratio of 1.29 and a beta of 1.81.

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 (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. On average, equities analysts anticipate 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. Shareholders 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 yield of 7.65%. Jack in the Box's dividend payout ratio is currently -82.63%.

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.