Rhumbline Advisers Has $2.54 Million Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Rhumbline Advisers grew its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 4.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,982 shares of the restaurant operator’s stock after acquiring an additional 2,700 shares during the period. Rhumbline Advisers owned 0.32% of Jack in the Box worth $2,539,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of JACK. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box during the third quarter worth approximately $41,000. Emerald Advisers LLC lifted its position in Jack in the Box by 2.9% during the third quarter. Emerald Advisers LLC now owns 200,067 shares of the restaurant operator’s stock worth $9,311,000 after acquiring an additional 5,582 shares during the last quarter. Access Investment Management LLC acquired a new stake in Jack in the Box during the third quarter worth approximately $1,475,000. GSA Capital Partners LLP acquired a new stake in Jack in the Box during the third quarter worth approximately $229,000. Finally, Aigen Investment Management LP lifted its position in Jack in the Box by 238.5% during the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock worth $1,018,000 after acquiring an additional 15,409 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JACK. Deutsche Bank Aktiengesellschaft cut their price objective 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 reaffirmed a “buy” rating and set a $55.00 target price on shares of Jack in the Box in a report on Thursday. TD Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a report on Wednesday, February 26th. Northcoast Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, UBS Group lowered their target price on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.56.

Jack in the Box Price Performance

Shares of Jack in the Box stock opened at $38.44 on Monday. Jack in the Box Inc. has a fifty-two week low of $32.69 and a fifty-two week high of $76.56. The firm has a market capitalization of $724.90 million, a P/E ratio of -19.71, a P/E/G ratio of 1.29 and a beta of 1.94. The company’s 50 day moving average price is $39.51 and its two-hundred day moving average price is $44.28.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The firm had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. On average, analysts expect that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.58%. Jack in the Box’s dividend payout ratio (DPR) is presently -82.63%.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the transaction, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders have sold 2,190 shares of company stock worth $92,961. Company insiders own 1.40% of the company’s stock.

About Jack in the Box

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.