UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Jack in the Box Inc. (NASDAQ:JACK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in Jack in the Box Inc. (NASDAQ:JACK) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,654 shares of the restaurant operator’s stock after selling 8,773 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.16% of Jack in the Box worth $1,380,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in Jack in the Box by 15,439.4% in the second quarter. Nisa Investment Advisors LLC now owns 5,128 shares of the restaurant operator’s stock valued at $261,000 after buying an additional 5,095 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Jack in the Box by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after acquiring an additional 18,874 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Jack in the Box by 11.2% during the second 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 during the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Jack in the Box during the second quarter worth approximately $1,070,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JACK. Royal Bank of Canada cut their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Guggenheim dropped their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a report on Saturday, December 7th. Finally, TD Cowen restated a “hold” rating and set a $50.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.88.

Jack in the Box Stock Performance

JACK stock opened at $42.85 on Wednesday. Jack in the Box Inc. has a one year low of $40.84 and a one year high of $86.20. The company has a fifty day moving average of $47.23 and a 200-day moving average of $49.42. The stock has a market capitalization of $806.91 million, a PE ratio of -21.97, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92.

Jack in the Box Dividend Announcement

The firm also recently disclosed 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. This represents a $1.76 dividend on an annualized basis and a yield of 4.11%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s dividend payout ratio is presently -90.26%.

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.