Yousif Capital Management LLC Sells 608 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Yousif Capital Management LLC decreased its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,070 shares of the restaurant operator’s stock after selling 608 shares during the quarter. Yousif Capital Management LLC’s holdings in Jack in the Box were worth $659,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. LSV Asset Management boosted its position in shares of 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 worth $39,460,000 after purchasing an additional 336,899 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Jack in the Box by 11.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock worth $40,814,000 after acquiring an additional 53,294 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Jack in the Box by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 356,832 shares of the restaurant operator’s stock valued at $24,643,000 after acquiring an additional 4,290 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Jack in the Box by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 332,242 shares of the restaurant operator’s stock worth $22,945,000 after acquiring an additional 5,783 shares in the last quarter. Finally, Earnest Partners LLC raised its position in shares of Jack in the Box by 1.4% during the third quarter. Earnest Partners LLC now owns 270,106 shares of the restaurant operator’s stock worth $18,654,000 after purchasing an additional 3,649 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

Insider Activity

In related news, Director Michael W. Murphy sold 1,332 shares of Jack in the Box stock in a transaction that occurred on 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 sale, the director now directly owns 71,035 shares of the company’s stock, valued at approximately $5,155,720.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Analysts Set New Price Targets

JACK has been the subject of a number of research reports. Truist Financial increased their target price on Jack in the Box from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Morgan Stanley dropped their price objective on shares of Jack in the Box from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. Barclays reduced their target price on shares of Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd. Northcoast Research raised Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 price target on the stock in a research note on Monday, January 29th. Finally, TD Cowen restated a “hold” rating and issued a $82.00 price target on shares of Jack in the Box in a report on Wednesday, April 10th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.67.

Jack in the Box Trading Up 1.1 %

Shares of JACK opened at $55.23 on Monday. The company’s fifty day simple moving average is $65.74 and its 200 day simple moving average is $71.43. Jack in the Box Inc. has a 1-year low of $53.71 and a 1-year high of $99.56. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.67 and a beta of 1.81.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share for the quarter, hitting 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%. Jack in the Box’s revenue for the quarter was down 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $2.01 EPS. As a group, research analysts forecast that Jack in the Box Inc. will post 6.38 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors 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 dividend yield of 3.19%. The ex-dividend date was Thursday, March 14th. Jack in the Box’s payout ratio is presently 30.93%.

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.