Point72 Asia Singapore Pte. Ltd. Sells 1,029 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Point72 Asia Singapore Pte. Ltd. trimmed its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 56.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786 shares of the restaurant operator’s stock after selling 1,029 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Jack in the Box were worth $40,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in Jack in the Box by 261.5% in the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock valued at $28,408,000 after purchasing an additional 403,423 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of Jack in the Box in the fourth quarter valued at approximately $11,424,000. Allspring Global Investments Holdings LLC increased its position in shares of Jack in the Box by 26.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after acquiring an additional 130,214 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Jack in the Box by 296.5% in the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after purchasing an additional 101,064 shares during the period. Finally, UBS Group AG lifted its position in shares of Jack in the Box by 678.4% during the 4th quarter. UBS Group AG now owns 105,203 shares of the restaurant operator’s stock valued at $8,588,000 after buying an additional 91,688 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Up 2.5 %

NASDAQ:JACK opened at $46.54 on Tuesday. The company has a market cap of $902.41 million, a price-to-earnings ratio of 8.19, a price-to-earnings-growth ratio of 0.70 and a beta of 1.95. Jack in the Box Inc. has a twelve month low of $40.84 and a twelve month high of $86.20. The stock has a fifty day simple moving average of $50.01 and a 200-day simple moving average of $54.37.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.14. The firm had revenue of $369.17 million during the quarter, compared to the consensus estimate of $371.81 million. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company’s revenue was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.45 earnings per share. As a group, equities research analysts predict that Jack in the Box Inc. will post 6.22 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s payout ratio is 30.99%.

Analyst Ratings Changes

JACK has been the topic of a number of recent analyst reports. Royal Bank of Canada lowered their target price on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley lowered their price objective on shares of Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. The Goldman Sachs Group assumed coverage on Jack in the Box in a report on Thursday, June 13th. They issued a “sell” rating and a $55.00 target price on the stock. Piper Sandler decreased their target price on shares of Jack in the Box from $60.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group cut their target price on shares of Jack in the Box from $60.00 to $55.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Jack in the Box has an average rating of “Hold” and an average target price of $69.35.

Insider Buying and Selling at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

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.