New York State Teachers Retirement System Sells 200 Shares of Jack in the Box Inc. (NASDAQ:JACK)

New York State Teachers Retirement System cut its stake in Jack in the Box Inc. (NASDAQ:JACK) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,861 shares of the restaurant operator’s stock after selling 200 shares during the period. New York State Teachers Retirement System’s holdings in Jack in the Box were worth $3,009,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of JACK. Capital World Investors bought a new position in shares of Jack in the Box in the first quarter worth about $98,706,000. BlackRock Inc. raised its stake in shares of Jack in the Box by 36.3% in the first quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock worth $306,789,000 after acquiring an additional 874,419 shares during the last quarter. LSV Asset Management raised its stake in shares of Jack in the Box by 143.7% in the third quarter. LSV Asset Management now owns 571,393 shares of the restaurant operator’s stock worth $39,460,000 after acquiring an additional 336,899 shares during the last quarter. Millennium Management LLC grew its position in shares of Jack in the Box by 4,575.5% during the 2nd quarter. Millennium Management LLC now owns 313,963 shares of the restaurant operator’s stock worth $17,601,000 after buying an additional 307,248 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Jack in the Box by 79.3% during the 2nd quarter. Point72 Asset Management L.P. now owns 685,827 shares of the restaurant operator’s stock worth $66,889,000 after buying an additional 303,354 shares during the period. 99.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Morgan Stanley decreased their price objective on shares of Jack in the Box from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday. Wedbush upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $79.00 to $88.00 in a report on Thursday, March 14th. TD Cowen restated a “hold” rating and set a $82.00 price objective on shares of Jack in the Box in a report on Wednesday, April 10th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $98.00 price target on shares of Jack in the Box in a report on Thursday, February 22nd. Ten research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $86.67.

Jack in the Box Trading Up 0.1 %

NASDAQ JACK opened at $59.58 on Tuesday. The firm has a market capitalization of $1.17 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76. The firm’s fifty day moving average price is $70.52 and its two-hundred day moving average price is $72.25. Jack in the Box Inc. has a 1 year low of $58.96 and a 1 year high of $99.56.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share for the quarter, meeting the consensus estimate of $1.95. The company had revenue of $487.50 million for the quarter, compared to analyst estimates of $480.76 million. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The company’s revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.01 earnings per share. On average, research analysts anticipate that Jack in the Box Inc. will post 6.39 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s payout ratio is presently 30.93%.

Insider Activity

In related news, Director Michael W. Murphy sold 1,332 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total value of $96,676.56. Following the transaction, the director now directly owns 71,035 shares in the company, valued at $5,155,720.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.60% of the company’s stock.

Jack in the Box Company Profile

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.