LSV Asset Management grew its stake in Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 74.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 996,472 shares of the restaurant operator's stock after buying an additional 425,079 shares during the period. LSV Asset Management owned 5.05% of Jack in the Box worth $81,342,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Panagora Asset Management Inc. acquired a new stake in Jack in the Box during the third quarter worth about $4,786,000. Campbell & CO Investment Adviser LLC grew its position in Jack in the Box by 839.0% during the third quarter. Campbell & CO Investment Adviser LLC now owns 73,953 shares of the restaurant operator's stock valued at $5,107,000 after buying an additional 66,077 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Jack in the Box by 11.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator's stock valued at $40,814,000 after acquiring an additional 53,294 shares during the period. IPG Investment Advisors LLC purchased a new position in Jack in the Box during the third quarter worth approximately $2,222,000. Finally, Burney Co. grew its holdings in Jack in the Box by 49.5% in the third quarter. Burney Co. now owns 84,859 shares of the restaurant operator's stock valued at $5,860,000 after purchasing an additional 28,090 shares during the period. Hedge funds and other institutional investors own 99.79% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Royal Bank of Canada boosted their price target on shares of Jack in the Box from $78.00 to $82.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. TD Cowen reaffirmed a "hold" rating and issued a $82.00 price target on shares of Jack in the Box in a research note on Wednesday, April 10th. Oppenheimer reiterated an "outperform" rating and set a $98.00 price objective on shares of Jack in the Box in a research note on Thursday, February 22nd. Morgan Stanley reduced their target price on Jack in the Box from $80.00 to $75.00 and set an "equal weight" rating for the company in a report on Friday, April 12th. Finally, Wedbush raised Jack in the Box from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $79.00 to $88.00 in a research note on Thursday, March 14th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $86.67.
View Our Latest Research Report on Jack in the Box
Insider Activity at Jack in the Box
In related news, Director Michael W. Murphy sold 1,332 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the transaction, the director now owns 71,035 shares of the company's stock, valued at approximately $5,155,720.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by insiders.
Jack in the Box Trading Up 1.1 %
JACK stock traded up $0.58 during midday trading on Friday, hitting $55.23. 425,958 shares of the company's stock were exchanged, compared to its average volume of 526,114. Jack in the Box Inc. has a 1-year low of $53.71 and a 1-year high of $99.56. The business has a 50-day simple moving average of $65.74 and a two-hundred day simple moving average of $71.43. The stock has a market capitalization of $1.09 billion, a PE ratio of 9.71, a P/E/G ratio of 0.67 and a beta of 1.81.
Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.95. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The firm had revenue of $487.50 million for the quarter, compared to analyst estimates of $480.76 million. During the same period in the previous year, the firm earned $2.01 EPS. Jack in the Box's revenue was down 7.5% on a year-over-year basis. As a group, research analysts expect that Jack in the Box Inc. will post 6.38 EPS for the current fiscal year.
Jack in the Box Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were issued 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 3.19%. Jack in the Box's dividend payout ratio (DPR) is presently 30.93%.
About Jack in the Box
(
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.
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