UBS Group AG raised its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK – Free Report) by 678.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,203 shares of the restaurant operator’s stock after buying an additional 91,688 shares during the quarter. UBS Group AG owned about 0.53% of Jack in the Box worth $8,588,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of JACK. LSV Asset Management boosted its position in shares of Jack in the Box by 74.4% during the 4th quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock valued at $81,342,000 after acquiring an additional 425,079 shares during the last quarter. Campbell & CO Investment Adviser LLC boosted its position in shares of Jack in the Box by 839.0% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 73,953 shares of the restaurant operator’s stock valued at $5,107,000 after acquiring an additional 66,077 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Jack in the Box by 11.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock valued at $40,814,000 after acquiring an additional 53,294 shares during the last quarter. IPG Investment Advisors LLC acquired a new position in shares of Jack in the Box during the 3rd quarter valued at about $2,222,000. Finally, Burney Co. boosted its position in shares of Jack in the Box by 49.5% during the 3rd quarter. Burney Co. now owns 84,859 shares of the restaurant operator’s stock valued at $5,860,000 after acquiring an additional 28,090 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on JACK. Robert W. Baird lowered their price target on shares of Jack in the Box from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd. Piper Sandler decreased their target price on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Oppenheimer decreased their target price on shares of Jack in the Box from $98.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. UBS Group decreased their target price on shares of Jack in the Box from $87.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Finally, StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $78.00.
Insider Buying and Selling
In related news, Director Michael W. Murphy sold 1,332 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total transaction of $96,676.56. Following the sale, the director now directly owns 71,035 shares in the company, valued at $5,155,720.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.
Jack in the Box Price Performance
Shares of NASDAQ:JACK opened at $57.30 on Tuesday. The firm’s 50-day moving average is $58.08 and its two-hundred day moving average is $69.82. Jack in the Box Inc. has a 1 year low of $52.01 and a 1 year high of $99.56. The firm has a market capitalization of $1.11 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 0.77 and a beta of 1.89.
Jack in the Box (NASDAQ:JACK – Get Free Report) last released its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The firm had revenue of $365.40 million for the quarter, compared to analyst estimates of $369.53 million. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. Analysts expect that Jack in the Box Inc. will post 6.31 EPS for the current fiscal year.
Jack in the Box Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, June 6th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.07%. Jack in the Box’s payout ratio is 30.99%.
Jack in the Box Profile
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.