FourThought Financial LLC Has $124,000 Stake in Jack in the Box Inc. (NASDAQ:JACK)

FourThought Financial LLC decreased its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK – Get Rating) by 17.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,679 shares of the restaurant operator’s stock after selling 347 shares during the quarter. FourThought Financial LLC’s holdings in Jack in the Box were worth $124,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Texas Permanent School Fund boosted its holdings in Jack in the Box by 1.5% during the second quarter. Texas Permanent School Fund now owns 15,183 shares of the restaurant operator’s stock worth $851,000 after purchasing an additional 223 shares during the last quarter. Ancora Advisors LLC acquired a new stake in Jack in the Box in the first quarter valued at $25,000. Eaton Vance Management lifted its stake in Jack in the Box by 4.1% in the first quarter. Eaton Vance Management now owns 6,368 shares of the restaurant operator’s stock valued at $595,000 after acquiring an additional 252 shares during the last quarter. US Bancorp DE lifted its stake in Jack in the Box by 4.6% in the third quarter. US Bancorp DE now owns 9,108 shares of the restaurant operator’s stock valued at $675,000 after acquiring an additional 398 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Jack in the Box in the third quarter valued at $31,000. Institutional investors and hedge funds own 99.78% of the company’s stock.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, insider Chad Gretzema sold 712 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $85.97, for a total value of $61,210.64. Following the transaction, the insider now directly owns 11,454 shares of the company’s stock, valued at approximately $984,700.38. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Jack in the Box news, CEO Darin S. Harris sold 2,034 shares of the firm’s stock in a transaction dated Tuesday, December 20th. The shares were sold at an average price of $67.06, for a total value of $136,400.04. Following the transaction, the chief executive officer now directly owns 33,486 shares of the company’s stock, valued at approximately $2,245,571.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Chad Gretzema sold 712 shares of the firm’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $85.97, for a total transaction of $61,210.64. Following the completion of the sale, the insider now owns 11,454 shares in the company, valued at $984,700.38. The disclosure for this sale can be found here. Insiders have sold a total of 5,907 shares of company stock valued at $440,935 in the last ninety days. 1.30% of the stock is currently owned by company insiders.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $81.01 on Friday. Jack in the Box Inc. has a 52 week low of $54.80 and a 52 week high of $94.68. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.82 and a beta of 1.62. The firm’s 50-day simple moving average is $78.60 and its 200 day simple moving average is $77.70.

Jack in the Box (NASDAQ:JACK – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The restaurant operator reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.25. Jack in the Box had a net margin of 7.86% and a negative return on equity of 16.57%. The business had revenue of $527.10 million for the quarter, compared to analyst estimates of $506.98 million. During the same period last year, the firm earned $1.97 earnings per share. Jack in the Box’s revenue for the quarter was up 52.9% compared to the same quarter last year. Sell-side analysts anticipate that Jack in the Box Inc. will post 5.75 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Shareholders of record on Wednesday, March 15th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.17%. The ex-dividend date is Tuesday, March 14th. Jack in the Box’s dividend payout ratio is currently 28.57%.

Analyst Upgrades and Downgrades

JACK has been the subject of a number of recent analyst reports. Royal Bank of Canada increased their price target on shares of Jack in the Box from $80.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, March 2nd. Cowen increased their price target on shares of Jack in the Box from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Thursday, March 2nd. Credit Suisse Group increased their price target on shares of Jack in the Box from $73.00 to $80.00 and gave the company an “underperform” rating in a research note on Thursday, March 2nd. UBS Group increased their price target on shares of Jack in the Box from $75.00 to $88.00 and gave the company a “neutral” rating in a research note on Thursday, March 2nd. Finally, Cowen raised their target price on shares of Jack in the Box from $70.00 to $80.00 and gave the stock a “market perform” rating in a research note on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and a consensus price target of $87.56.

Jack in the Box Company Profile

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Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.