QS Investors LLC reduced its position in Jack in the Box Inc. (NASDAQ:JACK) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,351 shares of the restaurant operator’s stock after selling 1,842 shares during the period. QS Investors LLC owned 0.22% of Jack in the Box worth $6,412,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Jack in the Box by 3.5% in the fourth quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock worth $311,300,000 after buying an additional 108,723 shares in the last quarter. Jana Partners LLC purchased a new stake in shares of Jack in the Box in the third quarter worth about $134,200,000. Janus Henderson Group PLC lifted its position in shares of Jack in the Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock worth $63,507,000 after buying an additional 77,557 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Jack in the Box by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 413,333 shares of the restaurant operator’s stock worth $40,553,000 after buying an additional 28,931 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Jack in the Box by 179.3% in the third quarter. Ameriprise Financial Inc. now owns 384,754 shares of the restaurant operator’s stock worth $39,214,000 after buying an additional 247,016 shares in the last quarter. Institutional investors own 98.81% of the company’s stock.
A number of research firms recently commented on JACK. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday. Telsey Advisory Group decreased their target price on Jack in the Box from $118.00 to $105.00 and set an “outperform” rating on the stock in a research report on Wednesday. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $115.00 to $104.00 in a research report on Monday, November 20th. BTIG Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Finally, Barclays reiterated an “equal weight” rating and issued a $101.00 target price (up from $100.00) on shares of Jack in the Box in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $108.38.
Shares of Jack in the Box Inc. (JACK) opened at $88.62 on Wednesday. Jack in the Box Inc. has a 52-week low of $79.30 and a 52-week high of $113.00. The company has a debt-to-equity ratio of -2.77, a quick ratio of 1.52 and a current ratio of 1.53. The stock has a market capitalization of $2,637.22, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.43.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.17. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. The business had revenue of $294.50 million for the quarter, compared to the consensus estimate of $284.37 million. During the same period in the prior year, the business posted $1.18 earnings per share. The company’s quarterly revenue was down 16.6% compared to the same quarter last year. equities research analysts predict that Jack in the Box Inc. will post 3.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.81%. Jack in the Box’s dividend payout ratio is 43.24%.
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Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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