Millennium Management LLC increased its position in Jack in the Box Inc. (NASDAQ:JACK) by 36.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 994,440 shares of the restaurant operator’s stock after acquiring an additional 268,145 shares during the period. Millennium Management LLC owned about 3.37% of Jack in the Box worth $97,565,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. raised its holdings in Jack in the Box by 597.5% in the 4th quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 962 shares during the last quarter. Cerebellum GP LLC purchased a new position in Jack in the Box in the 4th quarter worth approximately $118,000. Royal Bank of Canada raised its holdings in Jack in the Box by 9.0% in the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 105 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in Jack in the Box during the 3rd quarter valued at $203,000. Finally, Diligent Investors LLC purchased a new stake in Jack in the Box during the 3rd quarter valued at $206,000. Institutional investors own 98.81% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Wedbush upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $104.00 to $115.00 in a research note on Friday, January 26th. OTR Global upgraded shares of Jack in the Box to a “positive” rating in a research note on Wednesday, February 14th. BidaskClub upgraded shares of Jack in the Box from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Goldman Sachs Group upgraded shares of Jack in the Box from a “sell” rating to a “neutral” rating in a research note on Friday, January 5th. Finally, Barclays reiterated an “equal weight” rating and set a $101.00 target price (up from $100.00) on shares of Jack in the Box in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $108.38.
Shares of Jack in the Box Inc. (JACK) opened at $84.01 on Friday. Jack in the Box Inc. has a 1 year low of $79.30 and a 1 year 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 cap of $2,532.09, a price-to-earnings ratio of 21.82, a PEG ratio of 1.50 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 net margin of 8.20% and a negative return on equity of 28.27%. The firm had revenue of $294.50 million during the quarter, compared to the consensus estimate of $284.37 million. During the same quarter in the previous year, the firm posted $1.18 EPS. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. sell-side analysts forecast that Jack in the Box Inc. will post 3.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Monday, March 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, March 2nd. Jack in the Box’s payout ratio is 43.24%.
In related news, SVP Paul D. Melancon sold 461 shares of the company’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $45,998.58. Following the completion of the transaction, the senior vice president now owns 5,370 shares of the company’s stock, valued at approximately $535,818.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Vanessa C. Fox sold 500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.40, for a total transaction of $44,200.00. Following the completion of the transaction, the vice president now directly owns 2,142 shares of the company’s stock, valued at approximately $189,352.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,340 shares of company stock valued at $1,619,359. Insiders own 2.60% of the company’s stock.
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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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