By otakuyassine3@gmail.com 
Vanguard Group Inc. lessened its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK – Free Report) by 6.4% during the 4th quarter, HoldingsChannel reports. The fund owned 2,212,557 shares of the restaurant operator’s stock after selling 150,373 shares during the period. Vanguard Group Inc. owned 0.12% of Jack in the Box worth $92,131,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in JACK. Raymond James Financial Inc. acquired a new stake in shares of Jack in the Box during the fourth quarter worth approximately $7,655,000. Barclays PLC increased its stake in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after acquiring an additional 89,649 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Jack in the Box by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock worth $18,170,000 after acquiring an additional 47,851 shares in the last quarter. Stifel Financial Corp boosted its position in Jack in the Box by 111.6% during the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after purchasing an additional 43,086 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Jack in the Box by 3.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock valued at $30,244,000 after purchasing an additional 25,881 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.
Jack in the Box Stock Performance
Shares of NASDAQ:JACK opened at $25.69 on Thursday. Jack in the Box Inc. has a 52-week low of $22.34 and a 52-week high of $62.26. The company has a market cap of $484.46 million, a P/E ratio of -13.17, a P/E/G ratio of 1.29 and a beta of 1.81. The stock’s 50-day moving average is $33.72 and its 200-day moving average is $40.66.
Jack in the Box (NASDAQ:JACK – Get Free Report) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. As a group, equities analysts predict that Jack in the Box Inc. will post 5.33 EPS 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. Investors of record on Thursday, March 20th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date was Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is currently -82.63%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on JACK shares. Stifel Nicolaus cut their price target on Jack in the Box from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Guggenheim reaffirmed a “buy” rating and set a $55.00 price objective on shares of Jack in the Box in a research report on Thursday, February 27th. Royal Bank of Canada reduced their target price on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, UBS Group reduced their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.82.
View Our Latest Research Report on JACK
About Jack in the Box
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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