Intech Investment Management LLC Takes $241,000 Position in Jack in the Box Inc. (NASDAQ:JACK)

Intech Investment Management LLC acquired a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 5,189 shares of the restaurant operator’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. 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 during the last quarter. Clearline Capital LP increased its stake in shares of Jack in the Box by 136.7% during the 2nd quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after acquiring an additional 144,631 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after acquiring an additional 130,214 shares during the period. Squarepoint Ops LLC grew its holdings in Jack in the Box by 296.5% in the second quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock valued at $6,884,000 after purchasing an additional 101,064 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in Jack in the Box in the second quarter valued at approximately $3,311,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on JACK shares. Royal Bank of Canada dropped their price objective on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Truist Financial cut their price objective on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. TD Cowen reiterated a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. Loop Capital cut their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Guggenheim decreased their price objective on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Jack in the Box presently has a consensus rating of “Hold” and an average target price of $60.38.

Jack in the Box Price Performance

JACK stock opened at $48.19 on Friday. The firm has a market cap of $907.47 million, a price-to-earnings ratio of -24.71, a PEG ratio of 1.62 and a beta of 1.92. Jack in the Box Inc. has a 1-year low of $40.84 and a 1-year high of $86.20. The firm has a fifty day moving average price of $46.97 and a two-hundred day moving average price of $49.87.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.65%. Jack in the Box’s dividend payout ratio is currently -90.26%.

Jack in the Box 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.