BNP Paribas Financial Markets Has $544,000 Stake in Jack in the Box Inc. (NASDAQ:JACK)

BNP Paribas Financial Markets increased its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 47.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,699 shares of the restaurant operator’s stock after purchasing an additional 3,754 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of Jack in the Box worth $544,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of Jack in the Box by 15,439.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,128 shares of the restaurant operator’s stock valued at $261,000 after acquiring an additional 5,095 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Jack in the Box by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after purchasing an additional 18,874 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Jack in the Box by 26.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after purchasing an additional 130,214 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Jack in the Box by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 503 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in shares of Jack in the Box during the 2nd quarter valued at about $1,070,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Stock Down 3.3 %

Shares of JACK stock opened at $45.50 on Friday. Jack in the Box Inc. has a 12 month low of $40.84 and a 12 month high of $86.20. The firm has a market cap of $856.81 million, a PE ratio of -23.33, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. The stock has a 50 day moving average of $47.26 and a 200-day moving average of $49.63.

Jack in the Box Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s payout ratio is currently -90.26%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Loop Capital dropped their price objective on 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. StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th. Piper Sandler cut their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Royal Bank of Canada decreased their price objective on shares of 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. Finally, Truist Financial cut their target price 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Jack in the Box presently has a consensus rating of “Hold” and a consensus target price of $59.88.

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.