Sciencast Management LP purchased a new position in Jack in the Box Inc. (NASDAQ:JACK) during the 4th quarter, HoldingsChannel reports. The firm purchased 7,499 shares of the restaurant operator’s stock, valued at approximately $700,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Flinton Capital Management LLC raised its holdings in shares of Jack in the Box by 23.6% in the fourth quarter. Flinton Capital Management LLC now owns 4,396 shares of the restaurant operator’s stock worth $431,000 after buying an additional 840 shares during the period. Elkfork Partners LLC purchased a new stake in shares of Jack in the Box in the fourth quarter worth approximately $339,000. Paloma Partners Management Co raised its holdings in shares of Jack in the Box by 143.9% in the fourth quarter. Paloma Partners Management Co now owns 10,369 shares of the restaurant operator’s stock worth $1,018,000 after buying an additional 6,118 shares during the period. HBK Investments L P purchased a new stake in shares of Jack in the Box in the fourth quarter worth approximately $1,163,000. Finally, Jefferies Group LLC purchased a new stake in shares of Jack in the Box in the fourth quarter worth approximately $422,000. Hedge funds and other institutional investors own 98.81% of the company’s stock.
JACK has been the topic of several recent analyst reports. Wells Fargo & Co reduced their price target on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Oppenheimer reiterated a “buy” rating and issued a $125.00 price target on shares of Jack in the Box in a report on Monday, November 20th. BidaskClub upgraded Jack in the Box from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Wedbush upgraded Jack in the Box from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $104.00 to $115.00 in a report on Friday, January 26th. Finally, Zacks Investment Research downgraded Jack in the Box from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 5th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned 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 $85.74 on Thursday. The company has a debt-to-equity ratio of -2.77, a current ratio of 1.53 and a quick ratio of 1.52. The firm has a market capitalization of $2,617.14, a price-to-earnings ratio of 23.17, a PEG ratio of 1.55 and a beta of 0.43. Jack in the Box Inc. has a 52-week low of $79.30 and a 52-week high of $113.00.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.17. The firm had revenue of $294.50 million during the quarter, compared to analysts’ expectations of $284.37 million. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. The business’s quarterly revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.18 EPS. research analysts expect that Jack in the Box Inc. will post 3.97 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be paid a $0.40 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.87%. Jack in the Box’s dividend payout ratio (DPR) is 43.24%.
In related news, VP Vanessa C. Fox sold 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.40, for a total value of $44,200.00. Following the completion of the transaction, the vice president now owns 2,142 shares in the company, valued at approximately $189,352.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Vanessa C. Fox sold 610 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $91.00, for a total value of $55,510.00. Following the completion of the transaction, the vice president now owns 2,051 shares of the company’s stock, valued at approximately $186,641. The disclosure for this sale can be found here. Insiders sold a total of 16,340 shares of company stock valued at $1,619,359 in the last 90 days. 2.60% of the stock is currently owned by company insiders.
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About Jack in the Box
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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