Massachusetts Financial Services Co. MA Boosts Position in Jack in the Box Inc. (NASDAQ:JACK)

Massachusetts Financial Services Co. MA lifted its stake in shares of Jack in the Box Inc. (NASDAQ:JACKFree Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 356,832 shares of the restaurant operator’s stock after acquiring an additional 4,290 shares during the period. Massachusetts Financial Services Co. MA owned 1.77% of Jack in the Box worth $24,643,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of JACK. Tower Research Capital LLC TRC raised its holdings in Jack in the Box by 45.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 195 shares during the period. State of Tennessee Treasury Department increased its stake in Jack in the Box by 0.8% during the first quarter. State of Tennessee Treasury Department now owns 24,133 shares of the restaurant operator’s stock worth $2,114,000 after purchasing an additional 201 shares during the period. Ancora Advisors LLC purchased a new stake in Jack in the Box during the first quarter worth about $25,000. Advisors Asset Management Inc. increased its stake in Jack in the Box by 102.6% during the fourth quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 237 shares during the period. Finally, ProShare Advisors LLC increased its stake in Jack in the Box by 8.0% during the second quarter. ProShare Advisors LLC now owns 3,241 shares of the restaurant operator’s stock worth $316,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Up 0.2 %

JACK stock opened at $77.27 on Friday. The company has a market capitalization of $1.53 billion, a P/E ratio of 12.27, a PEG ratio of 1.00 and a beta of 1.80. Jack in the Box Inc. has a twelve month low of $60.43 and a twelve month high of $99.56. The business has a 50 day simple moving average of $79.57 and a 200-day simple moving average of $76.16.

Jack in the Box (NASDAQ:JACKGet Free Report) last posted its quarterly earnings data on Tuesday, November 21st. The restaurant operator reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.05). Jack in the Box had a net margin of 7.73% and a negative return on equity of 17.71%. The firm had revenue of $372.50 million during the quarter, compared to analyst estimates of $372.48 million. During the same period in the previous year, the company posted $1.33 earnings per share. Jack in the Box’s revenue was down 7.5% compared to the same quarter last year. Research analysts predict that Jack in the Box Inc. will post 6.39 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.28%. The ex-dividend date was Wednesday, December 13th. Jack in the Box’s dividend payout ratio (DPR) is presently 27.94%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on JACK shares. Northcoast Research upgraded shares of Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, January 29th. Oppenheimer boosted their price target on shares of Jack in the Box from $90.00 to $98.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. TD Cowen boosted their price objective on Jack in the Box from $66.00 to $71.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 22nd. Deutsche Bank Aktiengesellschaft assumed coverage on Jack in the Box in a research report on Thursday, October 19th. They set a “hold” rating and a $71.00 price objective for the company. Finally, Royal Bank of Canada boosted their price objective on Jack in the Box from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $87.37.

View Our Latest Analysis on JACK

Insider Transactions at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 605 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $68.01, for a total value of $41,146.05. Following the completion of the transaction, the senior vice president now owns 8,007 shares in the company, valued at $544,556.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Jack in the Box news, SVP Sarah L. Super sold 605 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $68.01, for a total value of $41,146.05. Following the completion of the transaction, the senior vice president now owns 8,007 shares in the company, valued at $544,556.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ryan Lee Ostrom sold 1,655 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $68.01, for a total value of $112,556.55. Following the completion of the transaction, the executive vice president now owns 13,634 shares of the company’s stock, valued at approximately $927,248.34. The disclosure for this sale can be found here. Insiders sold 20,176 shares of company stock worth $1,502,063 over the last 90 days. 1.60% of the stock is currently owned by insiders.

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.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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