QS Investors LLC decreased its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 65,351 shares of the restaurant operator’s stock after selling 1,842 shares during the quarter. QS Investors LLC’s holdings in Jack in the Box were worth $6,412,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Jack in the Box by 3.5% during the fourth quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock valued at $311,300,000 after buying an additional 108,723 shares during the last quarter. Jana Partners LLC bought a new position in Jack in the Box in the third quarter worth approximately $134,200,000. Janus Henderson Group PLC grew its stake in Jack in the Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock worth $63,507,000 after purchasing an additional 77,557 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Jack in the Box by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 413,333 shares of the restaurant operator’s stock worth $40,553,000 after purchasing an additional 28,931 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Jack in the Box by 179.3% in the third quarter. Ameriprise Financial Inc. now owns 384,754 shares of the restaurant operator’s stock worth $39,214,000 after purchasing an additional 247,016 shares in the last quarter. 98.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Jack in the Box Inc. (JACK) opened at $88.62 on Wednesday. The company has a current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of -2.77. The stock has a market capitalization of $2,637.22, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 1.56 and a beta of 0.43. Jack in the Box Inc. has a 52-week low of $79.30 and a 52-week high of $113.00.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.60 annualized dividend and a yield of 1.81%. Jack in the Box’s dividend payout ratio (DPR) is presently 43.24%.
Several brokerages recently issued reports on JACK. Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $109.00 price objective on Jack in the Box and gave the stock a “buy” rating in a research note on Friday, December 1st. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $115.00 to $104.00 in a research note on Monday, November 20th. Wells Fargo & Co dropped their price objective on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Finally, Oppenheimer reissued a “buy” rating on shares of Jack in the Box in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the stock. Jack in the Box has a consensus rating of “Buy” and a consensus price target of $108.38.
In other Jack in the Box news, EVP Phillip H. Rudolph sold 2,027 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $202,254.06. Following the sale, the executive vice president now owns 23,311 shares of the company’s stock, valued at approximately $2,325,971.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Paul D. Melancon sold 461 shares of the 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 sale, the senior vice president now directly owns 5,370 shares in the company, valued at approximately $535,818.60. The disclosure for this sale can be found here. Insiders have sold a total of 16,340 shares of company stock worth $1,619,359 in the last ninety days. Insiders own 2.60% of the company’s stock.
Jack in the Box 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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