50,000 Shares in Jack in the Box Inc. (NASDAQ:JACK) Acquired by Marathon Partners Equity Management LLC

Marathon Partners Equity Management LLC bought a new stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 50,000 shares of the restaurant operator's stock, valued at approximately $2,082,000. Jack in the Box makes up about 1.8% of Marathon Partners Equity Management LLC's portfolio, making the stock its 9th largest holding. Marathon Partners Equity Management LLC owned about 0.27% of Jack in the Box at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in JACK. Sei Investments Co. lifted its stake in shares of Jack in the Box by 2.0% in the fourth quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator's stock valued at $859,000 after purchasing an additional 413 shares during the period. Quadrant Capital Group LLC lifted its stake 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 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 fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock valued at $51,000 after purchasing an additional 616 shares during the period. GAMMA Investing LLC lifted its stake in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 735 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake 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 valued at $65,000 after purchasing an additional 978 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.

Jack in the Box Stock Down 1.3%

Shares of NASDAQ:JACK traded down $0.31 during trading on Friday, reaching $23.75. The stock had a trading volume of 1,048,018 shares, compared to its average volume of 662,032. The business has a fifty day moving average price of $26.66 and a 200-day moving average price of $36.80. The stock has a market cap of $447.88 million, a P/E ratio of -12.18, a PEG ratio of 1.29 and a beta of 1.35. Jack in the Box Inc. has a fifty-two week low of $22.01 and a fifty-two week high of $60.73.

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

Jack in the Box Dividend Announcement

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. This represents a $1.76 annualized dividend and a yield of 7.41%. The ex-dividend date was Thursday, March 20th. Jack in the Box's dividend payout ratio (DPR) is -82.63%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. 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. Sanford C. Bernstein set a $24.00 price objective on shares of Jack in the Box in a research note on Tuesday, April 22nd. Truist Financial cut their target price on shares of Jack in the Box from $57.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Guggenheim restated a "buy" rating and set a $55.00 target price on shares of Jack in the Box in a research report on Thursday, February 27th. Finally, Morgan Stanley cut 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 research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $42.50.

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.