1 week Ago By ABMN Staff
Norges Bank acquired a new position in shares of Jack in the Box Inc. ( NASDAQ:JACK – Free Report ) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 23,481 shares of the restaurant operator’s stock, valued at approximately $978,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in Jack in the Box by 3.6% during the fourth quarter.
Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock worth $30,244,000 after acquiring an additional 25,881 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Jack in the Box by 12.
3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock worth $18,170,000 after purchasing an additional 47,851 shares in the last quarter.
Barclays PLC grew its position in shares of Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after purchasing an additional 89,649 shares in the last quarter.
Raymond James Financial Inc. bought a new position in shares of Jack in the Box during the fourth quarter worth approximately $7,655,000. Finally, Manning & Napier Advisors LLC raised its position in shares of Jack in the Box by 22.
8% in the fourth quarter. Manning & Napier Advisors LLC now owns 104,382 shares of the restaurant operator’s stock valued at $4,346,000 after buying an additional 19,382 shares in the last quarter. Institutional investors and hedge funds own 99.
79% of the company’s stock. Analyst Upgrades and Downgrades JACK has been the topic of a number of recent research reports. Royal Bank of Canada lowered their price objective on Jack in the Box from $55.
00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Barclays decreased their price target on Jack in the Box from $44.
00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. StockNews.
com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Robert W. Baird decreased their target price on shares of Jack in the Box from $34.
00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, TD Securities reaffirmed a “hold” rating and set a $42.
00 price target on shares of Jack in the Box in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.
82. Jack in the Box Stock Performance Shares of JACK opened at $24.73 on Friday.
Jack in the Box Inc. has a 52 week low of $22.34 and a 52 week high of $61.
69. The stock has a market capitalization of $466.36 million, a price-to-earnings ratio of -12.
68, a PEG ratio of 1.29 and a beta of 1.81.
The stock has a fifty day moving average of $33.10 and a 200-day moving average of $40.39.
Jack in the Box ( NASDAQ:JACK – Get Free Report ) last posted its 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. The firm had revenue of $469.
44 million during the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative return on equity of 15.
79% and a negative net margin of 2.34%. As a group, equities analysts forecast that Jack in the Box Inc.
will post 5.33 EPS for the current year. Jack in the Box Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th.
Shareholders of record on Thursday, March 20th were given a $0.44 dividend. This represents a $1.
76 annualized dividend and a yield of 7.12%. The ex-dividend date of this dividend was Thursday, March 20th.
Jack in the Box’s dividend payout ratio (DPR) is currently -82.63%. Jack in the Box 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. Featured Articles Want to see what other hedge funds are holding JACK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Jack in the Box Inc.
( NASDAQ:JACK – Free Report ). Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter .
.
