US Bancorp DE Buys 398 Shares of Jack in the Box Inc. (NASDAQ:JACK)

US Bancorp DE grew its stake in shares of Jack in the Box Inc. (NASDAQ:JACKGet Rating) by 4.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 9,108 shares of the restaurant operator’s stock after purchasing an additional 398 shares during the period. US Bancorp DE’s holdings in Jack in the Box were worth $675,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in Jack in the Box by 642.6% during the 2nd quarter. SG Americas Securities LLC now owns 10,716 shares of the restaurant operator’s stock worth $601,000 after purchasing an additional 9,273 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in Jack in the Box by 104.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 7,389 shares of the restaurant operator’s stock worth $690,000 after purchasing an additional 3,773 shares in the last quarter. Y Intercept Hong Kong Ltd increased its holdings in Jack in the Box by 404.7% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 12,788 shares of the restaurant operator’s stock worth $717,000 after purchasing an additional 10,254 shares in the last quarter. AlphaCrest Capital Management LLC bought a new stake in Jack in the Box during the 2nd quarter worth approximately $523,000. Finally, Granite Investment Partners LLC increased its holdings in Jack in the Box by 87.7% during the 3rd quarter. Granite Investment Partners LLC now owns 191,960 shares of the restaurant operator’s stock worth $14,218,000 after purchasing an additional 89,701 shares in the last quarter. 99.78% of the stock is owned by institutional investors.

Insider Activity at Jack in the Box

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 stock was sold at an average price of $67.06, for a total value of $136,400.04. Following the sale, the chief executive officer now 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 accessible through this hyperlink. In other news, CEO Darin S. Harris sold 1,258 shares of the stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $69.12, for a total value of $86,952.96. Following the transaction, the chief executive officer now owns 35,520 shares of the company’s stock, valued at approximately $2,455,142.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Darin S. Harris sold 2,034 shares of the firm’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $67.06, for a total transaction of $136,400.04. Following the sale, the chief executive officer now owns 33,486 shares in the company, valued at approximately $2,245,571.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,479 shares of company stock valued at $306,303. Company insiders own 1.10% of the company’s stock.

Jack in the Box Price Performance

Shares of JACK stock opened at $74.71 on Friday. The company’s fifty day simple moving average is $72.37 and its two-hundred day simple moving average is $76.03. Jack in the Box Inc. has a 1 year low of $54.80 and a 1 year high of $96.87. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.81 and a beta of 1.57.

Jack in the Box (NASDAQ:JACKGet Rating) last issued its earnings results on Tuesday, November 22nd. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.02). Jack in the Box had a net margin of 7.89% and a negative return on equity of 16.07%. The business had revenue of $402.77 million for the quarter, compared to the consensus estimate of $392.44 million. Equities research analysts anticipate that Jack in the Box Inc. will post 5.54 EPS for the current year.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 22nd. Investors of record on Wednesday, December 7th were given a $0.44 dividend. The ex-dividend date was Tuesday, December 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.36%. Jack in the Box’s dividend payout ratio (DPR) is presently 32.18%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their target price on Jack in the Box from $88.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, January 12th. Oppenheimer cut their target price on Jack in the Box from $107.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 23rd. StockNews.com assumed coverage on Jack in the Box in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Royal Bank of Canada cut their target price on Jack in the Box from $89.00 to $81.00 and set an “outperform” rating on the stock in a research note on Monday, December 5th. Finally, Morgan Stanley boosted their target price on Jack in the Box from $76.00 to $79.00 and gave the stock an “equal weight” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $82.65.

Jack in the Box Profile

(Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 22, 2022, it operated and franchised approximately 2,2180 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.

Read More

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

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.