Rhumbline Advisers Increases Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Rhumbline Advisers lifted its position in Jack in the Box Inc. (NASDAQ:JACK) by 2.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,762 shares of the restaurant operator’s stock after purchasing an additional 1,808 shares during the quarter. Rhumbline Advisers owned about 0.34% of Jack in the Box worth $6,110,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC purchased a new position in shares of Jack in the Box in the first quarter worth about $25,000. Advisors Asset Management Inc. raised its stake in shares of Jack in the Box by 102.6% in 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 last quarter. Tower Research Capital LLC TRC raised its stake in shares of Jack in the Box by 45.8% in the first quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock worth $54,000 after purchasing an additional 195 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Jack in the Box during the first quarter worth about $83,000. Finally, Captrust Financial Advisors grew its holdings in Jack in the Box by 136.3% during the second quarter. Captrust Financial Advisors now owns 1,512 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 872 shares during the period. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Jack in the Box news, CEO Darin S. Harris sold 696 shares of Jack in the Box stock in a transaction on Friday, June 23rd. The stock was sold at an average price of $89.40, for a total value of $62,222.40. Following the sale, the chief executive officer now owns 57,846 shares in the company, valued at $5,171,432.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.30% of the stock is currently owned by company insiders.

Jack in the Box Stock Performance

Shares of Jack in the Box stock opened at $79.49 on Thursday. Jack in the Box Inc. has a one year low of $65.71 and a one year high of $99.56. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 10.76, a PEG ratio of 0.79 and a beta of 1.69. The business’s 50 day moving average price is $90.19 and its 200 day moving average price is $88.88.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.12. Jack in the Box had a negative return on equity of 18.39% and a net margin of 8.99%. The firm had revenue of $396.90 million for the quarter, compared to the consensus estimate of $393.89 million. During the same quarter last year, the business posted $1.38 earnings per share. The firm’s revenue was down .4% compared to the same quarter last year. On average, analysts predict that Jack in the Box Inc. will post 6.09 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 18th. Investors of record on Wednesday, September 6th will be given a dividend of $0.44 per share. The ex-dividend date is Tuesday, September 5th. This represents a $1.76 dividend on an annualized basis and a yield of 2.21%. Jack in the Box’s payout ratio is 23.82%.

Analysts Set New Price Targets

Several analysts recently commented on JACK shares. 888 reaffirmed a “maintains” rating on shares of Jack in the Box in a report on Thursday, May 18th. Citigroup dropped their target price on Jack in the Box from $114.00 to $103.00 and set a “neutral” rating on the stock in a report on Thursday, August 10th. OTR Global raised Jack in the Box to a “positive” rating in a report on Wednesday, May 10th. Piper Sandler began coverage on Jack in the Box in a report on Tuesday, June 13th. They set a “neutral” rating and a $93.00 target price on the stock. Finally, Oppenheimer raised their price objective on Jack in the Box from $96.00 to $108.00 and gave the company an “outperform” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $97.35.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. The company was founded in 1951 and is headquartered in San Diego, California.