Jack in the Box Inc. (NASDAQ:JACK) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its position in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 11.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 499,987 shares of the restaurant operator's stock after acquiring an additional 53,294 shares during the period. Allspring Global Investments Holdings LLC owned about 2.53% of Jack in the Box worth $40,814,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Tower Research Capital LLC TRC increased its holdings in shares of Jack in the Box by 45.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator's stock valued at $54,000 after purchasing an additional 195 shares during the period. State of Tennessee Treasury Department increased its stake in Jack in the Box by 0.8% in the 1st quarter. State of Tennessee Treasury Department now owns 24,133 shares of the restaurant operator's stock valued at $2,114,000 after buying an additional 201 shares during the period. Ancora Advisors LLC acquired a new stake in shares of Jack in the Box during the 1st quarter valued at $25,000. Advisors Asset Management Inc. boosted its stake in shares of Jack in the Box by 102.6% during the 4th quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator's stock valued at $32,000 after buying an additional 237 shares during the period. Finally, Eaton Vance Management grew its holdings in shares of Jack in the Box by 4.1% during the 1st quarter. Eaton Vance Management now owns 6,368 shares of the restaurant operator's stock valued at $595,000 after acquiring an additional 252 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Jack in the Box news, Director Michael W. Murphy sold 1,332 shares of the firm's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total value of $96,676.56. Following the completion of the transaction, the director now directly owns 71,035 shares in the company, valued at $5,155,720.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on JACK shares. Morgan Stanley cut their price objective on shares of Jack in the Box from $80.00 to $75.00 and set an "equal weight" rating on the stock in a research report on Friday. StockNews.com raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a research report on Friday, March 1st. Royal Bank of Canada boosted their price target on Jack in the Box from $78.00 to $82.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. TD Cowen reissued a "hold" rating and set a $82.00 price objective on shares of Jack in the Box in a report on Wednesday. Finally, Northcoast Research upgraded Jack in the Box from a "neutral" rating to a "buy" rating and set a $95.00 target price for the company in a report on Monday, January 29th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $86.67.

Jack in the Box Stock Performance

JACK stock traded down $1.08 during midday trading on Friday, hitting $59.55. 500,053 shares of the company's stock were exchanged, compared to its average volume of 416,020. Jack in the Box Inc. has a one year low of $59.29 and a one year high of $99.56. The company has a market cap of $1.17 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 0.74 and a beta of 1.76. The stock's fifty day moving average price is $71.26 and its 200-day moving average price is $72.32.

Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, meeting the consensus estimate of $1.95. The business had revenue of $487.50 million for the quarter, compared to analysts' expectations of $480.76 million. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The firm's revenue was down 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.01 EPS. On average, analysts expect that Jack in the Box Inc. will post 6.39 EPS for the current year.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.76 annualized dividend and a yield of 2.96%. Jack in the Box's payout ratio is currently 30.93%.

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.