Seven Six Capital Management LLC Buys Shares of 76,800 Jack in the Box Inc. (NASDAQ:JACK)

Seven Six Capital Management LLC purchased a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 76,800 shares of the restaurant operator's stock, valued at approximately $3,198,000. Jack in the Box accounts for approximately 2.8% of Seven Six Capital Management LLC's investment portfolio, making the stock its 18th largest holding. Seven Six Capital Management LLC owned approximately 0.41% of Jack in the Box at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of JACK. Quadrant Capital Group LLC grew its position in Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock valued at $37,000 after buying an additional 442 shares in the last quarter. KBC Group NV lifted its stake in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock worth $51,000 after acquiring an additional 616 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Jack in the Box by 168.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator's stock valued at $65,000 after acquiring an additional 978 shares during the period. R Squared Ltd acquired a new position in shares of Jack in the Box during the fourth quarter valued at approximately $72,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Jack in the Box during the fourth quarter worth approximately $137,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack in the Box Stock Performance

Shares of JACK stock traded up $0.36 on Thursday, reaching $20.30. 435,488 shares of the company's stock traded hands, compared to its average volume of 850,052. The company has a market capitalization of $383.15 million, a P/E ratio of -10.42, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35. Jack in the Box Inc. has a 12-month low of $19.40 and a 12-month high of $60.73. The business's 50 day moving average price is $26.02 and its two-hundred day moving average price is $36.30.

Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its earnings results 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 company had revenue of $336.70 million for the quarter, compared to the consensus estimate of $345.81 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. Research analysts predict that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 8.67%. Jack in the Box's payout ratio is -16.21%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JACK. Robert W. Baird lowered their price target on 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. Sanford C. Bernstein set a $24.00 target price on Jack in the Box in a report on Tuesday, April 22nd. Royal Bank of Canada cut their price target on shares of Jack in the Box from $45.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Wall Street Zen raised shares of Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Barclays reduced their target price on shares of Jack in the Box from $24.00 to $23.00 and set an "equal weight" rating for the company in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box has an average rating of "Hold" and a consensus price target of $41.32.

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.