Allianz Asset Management GmbH Boosts Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Allianz Asset Management GmbH increased its position in shares of Jack in the Box Inc. (NASDAQ:JACKFree Report) by 109.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,979 shares of the restaurant operator’s stock after buying an additional 51,166 shares during the quarter. Allianz Asset Management GmbH owned about 0.50% of Jack in the Box worth $7,998,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 53,294 shares during the period. Trexquant Investment LP increased its holdings in Jack in the Box by 840.9% in the 4th quarter. Trexquant Investment LP now owns 129,763 shares of the restaurant operator’s stock valued at $10,593,000 after purchasing an additional 115,972 shares during the last quarter. IPG Investment Advisors LLC increased its holdings in Jack in the Box by 108.2% in the 4th quarter. IPG Investment Advisors LLC now owns 66,995 shares of the restaurant operator’s stock valued at $5,469,000 after purchasing an additional 34,815 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Jack in the Box by 54.1% in the third quarter. Envestnet Asset Management Inc. now owns 71,105 shares of the restaurant operator’s stock valued at $4,911,000 after purchasing an additional 24,955 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in Jack in the Box by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 347,303 shares of the restaurant operator’s stock worth $28,350,000 after purchasing an additional 15,061 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael W. Murphy sold 1,332 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total value 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 $5,155,720.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Jack in the Box Trading Up 3.5 %

Shares of NASDAQ:JACK opened at $57.30 on Tuesday. The firm has a 50 day simple moving average of $58.08 and a 200-day simple moving average of $69.82. The company has a market capitalization of $1.11 billion, a PE ratio of 10.09, a P/E/G ratio of 0.77 and a beta of 1.89. Jack in the Box Inc. has a twelve month low of $52.01 and a twelve month high of $99.56.

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 for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The firm had revenue of $365.40 million during the quarter, compared to analysts’ expectations of $369.53 million. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. Jack in the Box’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.47 earnings per share. As a group, equities research analysts predict that Jack in the Box Inc. will post 6.31 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, June 6th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a yield of 3.07%. Jack in the Box’s dividend payout ratio is presently 30.99%.

Analyst Ratings Changes

Several research firms recently issued reports on JACK. UBS Group cut their price objective on Jack in the Box from $87.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Wedbush reduced their price target on shares of Jack in the Box from $78.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. Oppenheimer dropped their price objective on shares of Jack in the Box from $98.00 to $75.00 and set an “outperform” rating for the company in a report on Wednesday, May 15th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price target on shares of Jack in the Box in a research note on Thursday, May 16th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $78.00.

Read Our Latest Stock Report on JACK

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.

Further Reading

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

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