Everence Capital Management Inc. Buys New Stake in Jack in the Box Inc. (NASDAQ:JACK)

Everence Capital Management Inc. bought a new stake in Jack in the Box Inc. (NASDAQ:JACKGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,680 shares of the restaurant operator’s stock, valued at approximately $250,000.

Several other hedge funds have also bought and sold shares of the stock. Lazard Asset Management LLC grew its stake in Jack in the Box by 17.9% in the fourth quarter. Lazard Asset Management LLC now owns 743 shares of the restaurant operator’s stock valued at $64,000 after purchasing an additional 113 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in Jack in the Box by 0.8% in the third quarter. UBS Asset Management Americas Inc. now owns 26,738 shares of the restaurant operator’s stock valued at $2,602,000 after purchasing an additional 201 shares during the last quarter. Colony Group LLC grew its stake in Jack in the Box by 0.7% in the third quarter. Colony Group LLC now owns 29,878 shares of the restaurant operator’s stock valued at $2,908,000 after purchasing an additional 203 shares during the last quarter. FourThought Financial LLC grew its stake in Jack in the Box by 11.9% in the fourth quarter. FourThought Financial LLC now owns 2,037 shares of the restaurant operator’s stock valued at $178,000 after purchasing an additional 217 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its stake in Jack in the Box by 1.4% in the fourth quarter. Mutual of America Capital Management LLC now owns 19,390 shares of the restaurant operator’s stock valued at $1,696,000 after purchasing an additional 266 shares during the last quarter. 99.09% of the stock is owned by hedge funds and other institutional investors.

Shares of JACK stock opened at $57.05 on Thursday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 0.59 and a beta of 1.72. The stock has a 50 day simple moving average of $75.32 and a 200-day simple moving average of $83.40. Jack in the Box Inc. has a 1-year low of $56.52 and a 1-year high of $122.35.

Jack in the Box (NASDAQ:JACKGet Rating) last announced its earnings results on Thursday, May 26th. The restaurant operator reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.20). The business had revenue of $322.29 million for the quarter, compared to analyst estimates of $340.81 million. Jack in the Box had a negative return on equity of 18.18% and a net margin of 10.37%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.48 earnings per share. On average, research analysts forecast that Jack in the Box Inc. will post 5.95 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Tuesday, June 7th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, June 6th. Jack in the Box’s payout ratio is 30.29%.

JACK has been the topic of a number of research analyst reports. Credit Suisse Group dropped their price target on Jack in the Box from $99.00 to $84.00 and set an “underperform” rating on the stock in a research note on Friday, May 27th. Wedbush dropped their price target on Jack in the Box from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. Cowen lowered Jack in the Box from an “outperform” rating to a “market perform” rating and set a $68.00 price target on the stock. in a research note on Wednesday. Truist Financial dropped their price target on Jack in the Box from $130.00 to $107.00 and set a “buy” rating on the stock in a research note on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $108.00 to $86.00 in a research note on Friday, May 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $99.04.

About Jack in the Box (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. 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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