Jack in the Box Inc. (NASDAQ:JACK) Stock Position Trimmed by Amalgamated Bank

Amalgamated Bank trimmed its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,546 shares of the restaurant operator’s stock after selling 463 shares during the quarter. Amalgamated Bank’s holdings in Jack in the Box were worth $698,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JACK. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Jack in the Box by 17.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the restaurant operator’s stock worth $298,000 after buying an additional 635 shares in the last quarter. TD Asset Management Inc acquired a new position in shares of Jack in the Box in the 3rd quarter worth approximately $1,077,000. Nisa Investment Advisors LLC grew its stake in shares of Jack in the Box by 16,893.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,549 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 2,534 shares during the last quarter. Olympiad Research LP acquired a new position in shares of Jack in the Box in the 3rd quarter worth approximately $266,000. Finally, LSV Asset Management grew its stake in shares of Jack in the Box by 143.7% in the 3rd 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 during the last quarter. 99.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JACK has been the topic of several recent research reports. Wedbush lowered their price objective on shares of Jack in the Box from $78.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. UBS Group lowered their price objective on shares of Jack in the Box from $87.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Robert W. Baird lowered their price objective on shares of Jack in the Box from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Finally, Oppenheimer lowered their price objective on shares of Jack in the Box from $98.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and an average target price of $78.56.

Jack in the Box Trading Down 4.3 %

Shares of Jack in the Box stock opened at $52.85 on Friday. The firm has a fifty day simple moving average of $61.91 and a 200-day simple moving average of $70.72. Jack in the Box Inc. has a 1-year low of $52.01 and a 1-year high of $99.56. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 0.65 and a beta of 1.81.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The business had revenue of $365.40 million during the quarter, compared to analysts’ expectations of $369.53 million. During the same period in the previous year, the company earned $1.47 earnings per share. Jack in the Box’s revenue for the quarter was down 7.7% on a year-over-year basis. As a group, research analysts predict that Jack in the Box Inc. will post 6.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, June 6th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date is Wednesday, June 5th. Jack in the Box’s dividend payout ratio (DPR) is currently 30.99%.

Insider Buying and Selling

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

About Jack in the Box

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.