Jump Financial LLC Grows Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Jump Financial LLC lifted its position in Jack in the Box Inc. (NASDAQ:JACKFree Report) by 99.9% in the third quarter, HoldingsChannel reports. The firm owned 5,407 shares of the restaurant operator’s stock after buying an additional 2,702 shares during the period. Jump Financial LLC’s holdings in Jack in the Box were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Raymond James & Associates purchased a new position in Jack in the Box during the first quarter worth about $1,129,000. Citigroup Inc. boosted its stake in Jack in the Box by 30.2% during the first quarter. Citigroup Inc. now owns 28,563 shares of the restaurant operator’s stock worth $2,668,000 after buying an additional 6,622 shares during the period. Bank of Montreal Can purchased a new position in Jack in the Box during the first quarter worth about $599,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Jack in the Box by 153.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,192 shares of the restaurant operator’s stock worth $1,699,000 after buying an additional 11,007 shares during the period. Finally, BlackRock Inc. boosted its stake in Jack in the Box by 36.3% during the first quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock worth $306,789,000 after buying an additional 874,419 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Insider Activity at Jack in the Box

In related news, SVP Sarah L. Super sold 419 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $81.56, for a total value of $34,173.64. Following the completion of the sale, the senior vice president now owns 10,889 shares in the company, valued at $888,106.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Sarah L. Super sold 419 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $81.56, for a total value of $34,173.64. Following the completion of the sale, the senior vice president now owns 10,889 shares in the company, valued at $888,106.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Ryan Lee Ostrom sold 436 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $83.08, for a total transaction of $36,222.88. Following the completion of the transaction, the executive vice president now directly owns 19,078 shares of the company’s stock, valued at $1,585,000.24. The disclosure for this sale can be found here. Insiders sold a total of 20,176 shares of company stock worth $1,502,063 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Jack in the Box Stock Performance

Shares of JACK opened at $77.32 on Tuesday. Jack in the Box Inc. has a fifty-two week low of $60.43 and a fifty-two week high of $99.56. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.00 and a beta of 1.80. The firm has a 50-day simple moving average of $79.54 and a 200-day simple moving average of $75.74.

Jack in the Box (NASDAQ:JACKGet Free Report) last announced its earnings results 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 negative return on equity of 17.71% and a net margin of 7.73%. The business had revenue of $372.50 million for the quarter, compared to analyst estimates of $372.48 million. During the same quarter last year, the company posted $1.33 EPS. Jack in the Box’s quarterly revenue was down 7.5% on a year-over-year basis. Equities research analysts forecast that Jack in the Box Inc. will post 6.39 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, December 14th were given a $0.44 dividend. The ex-dividend date was Wednesday, December 13th. This represents a $1.76 dividend on an annualized basis and a yield of 2.28%. Jack in the Box’s payout ratio is currently 27.94%.

Analyst Ratings Changes

Several analysts have recently issued reports on JACK shares. Stifel Nicolaus reduced their price target on shares of Jack in the Box from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, November 22nd. Royal Bank of Canada increased their price target on shares of 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. Barclays reduced their price target on shares of Jack in the Box from $91.00 to $86.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 25th. Truist Financial increased their price target on shares of Jack in the Box from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, UBS Group decreased their price target on shares of Jack in the Box from $80.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, November 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.37.

View Our Latest Stock Analysis on JACK

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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