Geode Capital Management LLC Reduces Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Geode Capital Management LLC lowered its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 451,154 shares of the restaurant operator’s stock after selling 3,023 shares during the quarter. Geode Capital Management LLC owned about 2.39% of Jack in the Box worth $18,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MML Investors Services LLC increased its stake in Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 819 shares in the last quarter. Barclays PLC increased its position in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after acquiring an additional 89,649 shares during the period. GAMMA Investing LLC increased its position in shares of Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 735 shares during the period. West Oak Capital LLC raised its stake in Jack in the Box by 30,452.9% in the 4th quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock worth $891,000 after acquiring an additional 21,317 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Jack in the Box by 188.5% during the 4th quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock worth $478,000 after acquiring an additional 7,504 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Price Performance

Shares of NASDAQ:JACK opened at $23.22 on Friday. The firm has a market capitalization of $437.88 million, a price-to-earnings ratio of -11.91, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. The business’s 50 day moving average price is $31.36 and its 200-day moving average price is $39.60. Jack in the Box Inc. has a 1 year low of $22.34 and a 1 year high of $60.73.

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

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box’s dividend payout ratio is presently -82.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on JACK. Guggenheim reissued a “buy” rating and issued a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Stifel Nicolaus decreased their price objective on shares of Jack in the Box from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Truist Financial dropped their price objective on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, TD Securities reissued a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.82.

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.