Paloma Partners Management Co raised its position in Jack in the Box Inc. (NASDAQ:JACK) by 143.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,369 shares of the restaurant operator’s stock after acquiring an additional 6,118 shares during the period. Paloma Partners Management Co’s holdings in Jack in the Box were worth $1,018,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Meeder Asset Management Inc. boosted its stake in Jack in the Box by 597.5% in the fourth quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock valued at $110,000 after acquiring an additional 962 shares in the last quarter. Cerebellum GP LLC acquired a new stake in shares of Jack in the Box during the fourth quarter worth $118,000. Royal Bank of Canada lifted its stake in shares of Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after buying an additional 105 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Jack in the Box during the third quarter worth $203,000. Finally, Diligent Investors LLC acquired a new stake in shares of Jack in the Box during the third quarter worth $206,000. Institutional investors own 98.74% of the company’s stock.
In other Jack in the Box news, VP Vanessa C. Fox sold 610 shares of Jack in the Box stock in a transaction on Friday, March 2nd. The shares were 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 $186,641. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Vanessa C. Fox sold 500 shares of Jack in the Box stock in a transaction on Friday, February 23rd. The shares were 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. Insiders sold 16,340 shares of company stock valued at $1,619,359 in the last ninety days. 2.60% of the stock is owned by corporate insiders.
Jack in the Box stock opened at $84.85 on Monday. The stock has a market cap of $2,505.80, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.48 and a beta of 0.43. 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 current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of -2.77.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share 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 company had revenue of $294.50 million during the quarter, compared to analysts’ expectations of $284.37 million. During the same quarter in the previous year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was down 16.6% on a year-over-year basis. equities analysts anticipate that Jack in the Box Inc. will post 3.97 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. Jack in the Box’s payout ratio is 43.24%.
Several research firms have recently commented on JACK. Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $115.00 to $104.00 in a research note on Monday, November 20th. BTIG Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Barclays restated 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 report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Cowen restated a “hold” rating and set a $94.00 target price on shares of Jack in the Box in a research report on Friday, February 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $108.38.
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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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