Seven Six Capital Management LLC acquired a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 76,800 shares of the restaurant operator's stock, valued at approximately $3,198,000. Jack in the Box makes up 2.8% of Seven Six Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Seven Six Capital Management LLC owned 0.41% of Jack in the Box at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Shay Capital LLC grew its stake in shares of Jack in the Box by 59.6% in the fourth quarter. Shay Capital LLC now owns 8,389 shares of the restaurant operator's stock worth $349,000 after acquiring an additional 3,132 shares during the period. ProShare Advisors LLC purchased a new position in shares of Jack in the Box in the fourth quarter worth approximately $241,000. Man Group plc purchased a new position in shares of Jack in the Box in the fourth quarter worth approximately $297,000. Marathon Partners Equity Management LLC purchased a new position in shares of Jack in the Box in the fourth quarter worth approximately $2,082,000. Finally, Invenomic Capital Management LP raised its position in shares of Jack in the Box by 40.7% during the fourth quarter. Invenomic Capital Management LP now owns 356,757 shares of the restaurant operator's stock valued at $14,855,000 after buying an additional 103,176 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.
Jack in the Box Stock Up 0.1%
Shares of Jack in the Box stock traded up $0.02 on Tuesday, reaching $21.99. The stock had a trading volume of 1,124,905 shares, compared to its average volume of 667,691. The company has a 50 day moving average price of $26.44 and a 200 day moving average price of $36.51. Jack in the Box Inc. has a 1 year low of $21.48 and a 1 year high of $60.73. The stock has a market capitalization of $415.15 million, a P/E ratio of -11.28, a P/E/G ratio of 1.29 and a beta of 1.35.
Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The firm had revenue of $336.70 million for the quarter, compared to the consensus estimate of $345.81 million. During the same quarter in the previous year, the firm earned $1.46 EPS. The company's quarterly revenue was down 7.8% compared to the same quarter last year. On average, analysts forecast that Jack in the Box Inc. will post 5.33 earnings per share for the current fiscal year.
Jack in the Box Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.76 annualized dividend and a dividend yield of 8.00%. Jack in the Box's dividend payout ratio (DPR) is currently -16.21%.
Analyst Upgrades and Downgrades
JACK has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of Jack in the Box from $44.00 to $27.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. TD Securities restated a "hold" rating and issued a $31.00 price target on shares of Jack in the Box in a research report on Thursday, May 15th. Royal Bank of Canada reduced their price target on shares of Jack in the Box from $45.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Barclays reduced their price target on shares of Jack in the Box from $24.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 15th. Finally, Robert W. Baird reduced their price target 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. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $41.32.
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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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