1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership raised its holdings in Jack in the Box Inc. ( NASDAQ:JACK – Free Report ) by 178.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 196,740 shares of the restaurant operator’s stock after acquiring an additional 126,101 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.04% of Jack in the Box worth $8,192,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Jack in the Box by 229.7% in the 4th quarter.
GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares in the last quarter. KBC Group NV increased its holdings in Jack in the Box by 99.5% in the fourth quarter.
KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 616 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Jack in the Box by 168.
6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 978 shares during the period.
R Squared Ltd acquired a new stake in shares of Jack in the Box during the 4th quarter valued at approximately $72,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Jack in the Box during the 4th quarter worth approximately $137,000. 99.
79% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets JACK has been the subject of several research analyst reports. Barclays dropped their price objective on Jack in the Box from $44.
00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Stifel Nicolaus cut their price target on Jack in the Box from $40.
00 to $35.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Oppenheimer lowered their price objective on shares of Jack in the Box from $60.
00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada dropped their target price on shares of Jack in the Box from $55.
00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $55.
00 price target on shares of Jack in the Box in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.
com, the company has a consensus rating of “Hold” and a consensus target price of $49.25. Jack in the Box Stock Down 5.
4 % Shares of NASDAQ:JACK opened at $24.35 on Monday. The company has a market cap of $459.
19 million, a P/E ratio of -12.49, a P/E/G ratio of 1.29 and a beta of 1.
81. The business has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $41.
32. Jack in the Box Inc. has a 52 week low of $23.
21 and a 52 week high of $62.26. Jack in the Box ( NASDAQ:JACK – Get Free Report ) last posted its quarterly earnings results on Tuesday, February 25th.
The restaurant operator reported $1.92 EPS for the quarter, beating the consensus estimate of $1.71 by $0.
21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.
34%. The company had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.
47 million. Sell-side analysts expect that Jack in the Box Inc. will post 5.
33 earnings per share for the current fiscal year. Jack in the Box Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.
44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 7.
23%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio is currently -82.
63%. Jack in the Box Company Profile ( Free Report ) 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.
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