Thrivent Financial for Lutherans Reduces Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Thrivent Financial for Lutherans decreased its position in shares of Jack in the Box Inc. (NASDAQ:JACK – Get Rating) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,639 shares of the restaurant operator’s stock after selling 168 shares during the period. Thrivent Financial for Lutherans’ holdings in Jack in the Box were worth $1,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Jack in the Box by 36.3% in the 1st quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock worth $306,789,000 after purchasing an additional 874,419 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Jack in the Box by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,337,186 shares of the restaurant operator’s stock worth $173,116,000 after purchasing an additional 10,379 shares during the last quarter. Capital World Investors bought a new stake in shares of Jack in the Box in the 1st quarter worth about $98,706,000. Point72 Asset Management L.P. acquired a new position in shares of Jack in the Box in the 3rd quarter valued at about $55,268,000. Finally, State Street Corp boosted its holdings in shares of Jack in the Box by 1.0% in the 3rd quarter. State Street Corp now owns 738,907 shares of the restaurant operator’s stock valued at $54,731,000 after buying an additional 6,960 shares during the period. Hedge funds and other institutional investors own 99.78% of the company’s stock.

Insider Activity

In other news, SVP Sarah L. Super sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $93.90, for a total transaction of $328,650.00. Following the sale, the senior vice president now owns 6,875 shares in the company, valued at $645,562.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Michael W. Murphy sold 1,390 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $83.26, for a total transaction of $115,731.40. Following the sale, the director now owns 68,092 shares in the company, valued at $5,669,339.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Sarah L. Super sold 3,500 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $93.90, for a total transaction of $328,650.00. Following the sale, the senior vice president now owns 6,875 shares in the company, valued at approximately $645,562.50. The disclosure for this sale can be found here. Insiders have sold 6,264 shares of company stock worth $570,006 over the last 90 days. 1.30% of the stock is owned by company insiders.

Jack in the Box Price Performance

NASDAQ JACK opened at $92.69 on Monday. The company’s 50 day simple moving average is $88.58 and its 200 day simple moving average is $80.51. Jack in the Box Inc. has a 12 month low of $54.80 and a 12 month high of $97.99. The company has a market capitalization of $1.89 billion, a P/E ratio of 13.13, a PEG ratio of 0.92 and a beta of 1.64.

Jack in the Box (NASDAQ:JACK – Get Rating) last released its earnings results on Wednesday, May 17th. The restaurant operator reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.27. Jack in the Box had a net margin of 8.61% and a negative return on equity of 17.88%. The business had revenue of $395.70 million for the quarter, compared to the consensus estimate of $385.44 million. During the same period in the previous year, the firm earned $1.16 EPS. The business’s revenue for the quarter was up 22.8% on a year-over-year basis. On average, analysts anticipate that Jack in the Box Inc. will post 6.06 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Wednesday, May 31st will be issued a $0.44 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.90%. Jack in the Box’s payout ratio is currently 24.93%.

Wall Street Analyst Weigh In

Several research firms have recently commented on JACK. Truist Financial lifted their price target on shares of Jack in the Box from $98.00 to $111.00 in a report on Thursday. Wedbush lifted their price target on shares of Jack in the Box from $82.00 to $92.00 and gave the company a “neutral” rating in a report on Thursday, March 2nd. Barclays lifted their price target on shares of Jack in the Box from $84.00 to $99.00 in a report on Thursday. Cowen lifted 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 report on Thursday, March 2nd. Finally, Loop Capital boosted their target price on shares of Jack in the Box from $114.00 to $125.00 in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and a consensus price target of $96.24.

Jack in the Box 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.