1 week Ago By Defense World Staff
Norges Bank purchased a new stake in Jack in the Box Inc. ( NASDAQ:JACK – Free Report ) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 23,481 shares of the restaurant operator’s stock, valued at approximately $978,000.
Norges Bank owned 0.12% of Jack in the Box as of its most recent SEC filing. Other large investors also recently made changes to their positions in the company.
Charles Schwab Investment Management Inc. boosted its stake in Jack in the Box by 12.3% in 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 during the period. Raymond James Financial Inc.
bought a new stake in shares of Jack in the Box in the fourth quarter valued at about $7,655,000. Barclays PLC boosted its position in shares of Jack in the Box by 70.9% during the third quarter.
Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after buying an additional 89,649 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Jack in the Box during the fourth quarter worth about $666,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of 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 buying an additional 25,881 shares in the last quarter. Institutional investors own 99.
79% of the company’s stock. Wall Street Analyst Weigh In Several equities research analysts have commented on JACK shares. Stifel Nicolaus cut their target price on Jack in the Box from $40.
00 to $35.00 and set a “hold” rating on the stock in a research note on Monday, March 24th. Oppenheimer cut 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 report on Tuesday, January 7th. Morgan Stanley decreased their target price on shares of Jack in the Box from $53.
00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $50.
00 to $40.00 in a research report on Friday, February 21st. Finally, Barclays reduced their price objective on shares of 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. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock.
According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $47.82.
Jack in the Box Trading Down 0.4 % JACK stock opened at $24.73 on Friday.
Jack in the Box Inc. has a 1-year low of $22.34 and a 1-year high of $61.
69. The business’s 50 day simple moving average is $33.10 and its 200 day simple moving average is $40.
39. The firm has a market capitalization of $466.36 million, a PE ratio of -12.
68, a PEG ratio of 1.29 and a beta of 1.81.
Jack in the Box ( NASDAQ:JACK – Get Free Report ) last released its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative net margin of 2.
34% and a negative return on equity of 15.79%. As a group, sell-side analysts predict that Jack in the Box Inc.
will post 5.33 EPS for the current fiscal year. Jack in the Box Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th.
Shareholders of record on Thursday, March 20th were issued a $0.44 dividend. The ex-dividend date was Thursday, March 20th.
This represents a $1.76 annualized dividend and a yield of 7.12%.
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. Featured Articles Five stocks we like better than Jack in the Box Consumer Discretionary Stocks Explained Robinhood Strategies Could Be a Game-Changer for Young Investors Stock Average Calculator Are These 3 Retail Stocks Oversold or Really in Trouble? What Investors Need to Know to Beat the Market IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead 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.
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