Raymond James Financial Inc. purchased a new position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 183,830 shares of the restaurant operator's stock, valued at approximately $7,655,000. Raymond James Financial Inc. owned approximately 0.97% of Jack in the Box at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in JACK. IPG Investment Advisors LLC raised its holdings in shares of Jack in the Box by 59.2% in the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator's stock worth $18,347,000 after purchasing an additional 163,834 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Jack in the Box by 178.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator's stock worth $8,192,000 after purchasing an additional 126,101 shares in the last quarter. Barclays PLC raised its holdings in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock worth $10,060,000 after purchasing an additional 89,649 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Jack in the Box by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator's stock worth $18,170,000 after purchasing an additional 47,851 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Jack in the Box by 226.4% in the 4th quarter. JPMorgan Chase & Co. now owns 15,757 shares of the restaurant operator's stock worth $656,000 after purchasing an additional 28,221 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on JACK. Sanford C. Bernstein set a $24.00 price target on shares of Jack in the Box in a report on Tuesday, April 22nd. UBS Group cut their target price on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Oppenheimer reduced their target price on Jack in the Box from $60.00 to $52.00 and set an "outperform" rating for the company in a report on Tuesday, January 7th. Barclays reduced their target price on Jack in the Box from $40.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Robert W. Baird reduced their target price on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Jack in the Box presently has an average rating of "Hold" and a consensus target price of $44.00.
Check Out Our Latest Stock Analysis on Jack in the Box
Jack in the Box Trading Up 5.1 %
Jack in the Box stock traded up $1.24 during mid-day trading on Monday, hitting $25.75. 1,478,960 shares of the company's stock were exchanged, compared to its average volume of 657,715. The stock has a market cap of $485.59 million, a P/E ratio of -13.21, a P/E/G ratio of 1.29 and a beta of 1.81. Jack in the Box Inc. has a 1-year low of $22.01 and a 1-year high of $60.73. The stock has a 50 day moving average of $29.64 and a two-hundred day moving average of $38.75.
Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping the consensus estimate 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 predict 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 declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 6.83%. The ex-dividend date was Thursday, March 20th. Jack in the Box's dividend payout ratio is currently -82.63%.
Jack in the Box Company Profile
(
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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