Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 36,861 shares of the restaurant operator’s stock after selling 200 shares during the quarter. New York State Teachers Retirement System owned about 0.19% of Jack in the Box worth $3,009,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in Jack in the Box during the 1st quarter worth about $25,000. Advisors Asset Management Inc. lifted its holdings in shares of Jack in the Box by 102.6% in the 4th quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 237 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Jack in the Box by 45.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 195 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Jack in the Box in the 3rd quarter valued at about $66,000. Finally, Captrust Financial Advisors lifted its holdings in shares of Jack in the Box by 136.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,512 shares of the restaurant operator’s stock valued at $85,000 after buying an additional 872 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JACK. Robert W. Baird decreased their price objective on Jack in the Box from $85.00 to $80.00 and set a “neutral” rating for the company in a report on Thursday, February 22nd. Truist Financial boosted their price objective on Jack in the Box from $95.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Barclays cut their price target on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd. TD Cowen restated a “hold” rating and issued a $82.00 price target on shares of Jack in the Box in a research note on Wednesday, April 10th. Finally, Northcoast Research upgraded Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Monday, January 29th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $86.67.

Jack in the Box Stock Performance

JACK opened at $59.58 on Tuesday. The business’s 50 day moving average price is $70.52 and its 200 day moving average price is $72.25. Jack in the Box Inc. has a one year low of $58.96 and a one year high of $99.56. The stock has a market capitalization of $1.17 billion, a PE ratio of 10.47, a P/E/G ratio of 0.72 and a beta of 1.76.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, hitting analysts’ consensus estimates of $1.95. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The company had revenue of $487.50 million for the quarter, compared to analysts’ expectations of $480.76 million. During the same period in the prior year, the firm earned $2.01 earnings per share. The firm’s revenue was down 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Jack in the Box Inc. will post 6.39 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s dividend payout ratio (DPR) is 30.93%.

Insiders Place Their Bets

In other Jack in the Box news, Director Michael W. Murphy sold 1,332 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the transaction, the director now directly owns 71,035 shares in the company, valued at $5,155,720.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Jack in the Box 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.