Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in shares of Jack in the Box Inc. (NASDAQ:JACKFree Report) by 14.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 16,542 shares of the restaurant operator’s stock after selling 2,778 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of Jack in the Box worth $1,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JACK. LSV Asset Management lifted its position in Jack in the Box by 74.4% during the 4th quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock worth $81,342,000 after acquiring an additional 425,079 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Jack in the Box by 839.0% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 73,953 shares of the restaurant operator’s stock worth $5,107,000 after purchasing an additional 66,077 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Jack in the Box by 11.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock worth $40,814,000 after purchasing an additional 53,294 shares during the last quarter. IPG Investment Advisors LLC purchased a new stake in Jack in the Box during the 3rd quarter worth approximately $2,222,000. Finally, Burney Co. increased its holdings in Jack in the Box by 49.5% during the 3rd quarter. Burney Co. now owns 84,859 shares of the restaurant operator’s stock worth $5,860,000 after purchasing an additional 28,090 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack in the Box Price Performance

NASDAQ:JACK opened at $53.59 on Tuesday. Jack in the Box Inc. has a 12-month low of $52.01 and a 12-month high of $99.56. The firm has a market capitalization of $1.04 billion, a P/E ratio of 9.43, a P/E/G ratio of 0.75 and a beta of 1.81. The business has a 50 day simple moving average of $59.54 and a 200 day simple moving average of $70.30.

Jack in the Box (NASDAQ:JACKGet Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The company had revenue of $365.40 million during the quarter, compared to analyst estimates of $369.53 million. During the same quarter in the previous year, the firm posted $1.47 EPS. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. Research analysts anticipate that Jack in the Box Inc. will post 6.31 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a yield of 3.28%. Jack in the Box’s dividend payout ratio (DPR) is presently 30.99%.

Analyst Ratings Changes

Several research firms have issued reports on JACK. Piper Sandler dropped their price objective on Jack in the Box from $81.00 to $67.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. Morgan Stanley dropped their price objective on Jack in the Box from $75.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 15th. Loop Capital dropped their price objective on Jack in the Box from $118.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Truist Financial lowered their price target on Jack in the Box from $99.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Ten equities 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 has an average rating of “Hold” and an average price target of $78.00.

Get Our Latest Research Report on Jack in the Box

Insiders Place Their Bets

In other Jack in the Box news, Director Michael W. Murphy sold 1,332 shares of the business’s stock in a transaction 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 transaction, the director now owns 71,035 shares in the company, valued at approximately $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.

Jack in the Box Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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