Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of Jack in the Box Inc. (NASDAQ:JACKFree Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496,741 shares of the restaurant operator’s stock after selling 3,246 shares during the period. Allspring Global Investments Holdings LLC owned about 2.52% of Jack in the Box worth $34,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in Jack in the Box by 21.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 276 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Jack in the Box by 9.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 179 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in Jack in the Box during the 3rd quarter valued at approximately $220,000. Tower Research Capital LLC TRC boosted its position in Jack in the Box by 323.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,759 shares of the restaurant operator’s stock valued at $329,000 after purchasing an additional 3,634 shares during the period. Finally, Diversified Trust Co bought a new position in Jack in the Box during the 3rd quarter worth $366,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on JACK shares. UBS Group lowered their price target on shares of Jack in the Box from $87.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Piper Sandler dropped their price target on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Bank of America cut their price target on Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $75.00 price objective on shares of Jack in the Box in a report on Friday, June 7th. Finally, Morgan Stanley cut their target price on Jack in the Box from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $75.94.

View Our Latest Report on JACK

Jack in the Box Stock Up 1.2 %

Shares of Jack in the Box stock opened at $48.60 on Friday. Jack in the Box Inc. has a 12-month low of $47.42 and a 12-month high of $99.56. The firm has a market capitalization of $942.35 million, a PE ratio of 8.56, a price-to-earnings-growth ratio of 0.67 and a beta of 1.91. The stock’s fifty day moving average is $53.59 and its 200-day moving average is $66.32.

Jack in the Box (NASDAQ:JACKGet Free Report) last posted its quarterly earnings data on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, beating 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 company had revenue of $365.40 million during the quarter, compared to analyst estimates of $369.53 million. During the same period in the prior year, the firm earned $1.47 earnings per share. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Analysts expect that Jack in the Box Inc. will post 6.31 EPS for the current year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were issued a $0.44 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.62%. Jack in the Box’s payout ratio is currently 30.99%.

Insider Transactions at Jack in the Box

In related news, CEO Darin S. Harris sold 598 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total transaction of $30,880.72. Following the transaction, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 800 shares of company stock valued at $41,514 over the last quarter. Company insiders own 1.60% of the company’s stock.

Jack in the Box 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.

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

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