Illinois Municipal Retirement Fund Sells 833 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Illinois Municipal Retirement Fund cut its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,101 shares of the restaurant operator’s stock after selling 833 shares during the period. Illinois Municipal Retirement Fund’s holdings in Jack in the Box were worth $906,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. LSV Asset Management increased its stake in Jack in the Box by 143.7% during the third quarter. LSV Asset Management now owns 571,393 shares of the restaurant operator’s stock valued at $39,460,000 after acquiring an additional 336,899 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of Jack in the Box by 11.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock valued at $40,814,000 after purchasing an additional 53,294 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Jack in the Box by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 356,832 shares of the restaurant operator’s stock valued at $24,643,000 after purchasing an additional 4,290 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Jack in the Box by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 332,242 shares of the restaurant operator’s stock valued at $22,945,000 after purchasing an additional 5,783 shares during the period. Finally, Earnest Partners LLC grew its stake in shares of Jack in the Box by 1.4% in the 3rd quarter. Earnest Partners LLC now owns 270,106 shares of the restaurant operator’s stock valued at $18,654,000 after purchasing an additional 3,649 shares during the period. 99.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JACK has been the topic of several recent analyst reports. Northcoast Research raised Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, January 29th. Royal Bank of Canada boosted their target price on Jack in the Box from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Robert W. Baird reduced their target price on Jack in the Box from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Barclays reduced their target price on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $98.00 price objective on shares of Jack in the Box in a report on Thursday, February 22nd. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Jack in the Box currently has an average rating of “Hold” and an average price target of $86.67.

Jack in the Box Stock Up 0.6 %

JACK opened at $58.79 on Monday. Jack in the Box Inc. has a 12 month low of $57.66 and a 12 month high of $99.56. The company has a fifty day simple moving average of $67.43 and a 200 day simple moving average of $71.77. The stock has a market cap of $1.16 billion, a P/E ratio of 10.33, a P/E/G ratio of 0.71 and a beta of 1.76.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, meeting analysts’ consensus estimates of $1.95. The business had revenue of $487.50 million during the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.01 EPS. On average, equities research analysts expect that Jack in the Box Inc. will post 6.38 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s dividend payout ratio (DPR) is presently 30.93%.

Insiders Place Their Bets

In other Jack in the Box news, Director Michael W. Murphy sold 1,332 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the transaction, the director now owns 71,035 shares in the company, valued at approximately $5,155,720.30. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Jack in the Box 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.