Jack in the Box Inc. (NASDAQ:JACK) Position Boosted by LPL Financial LLC

LPL Financial LLC increased its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 15.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,642 shares of the restaurant operator’s stock after purchasing an additional 1,418 shares during the quarter. LPL Financial LLC owned 0.06% of Jack in the Box worth $443,000 at the end of the most recent quarter.

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

Jack in the Box Trading Up 2.3 %

Jack in the Box stock opened at $24.51 on Friday. The company has a market capitalization of $462.21 million, a P/E ratio of -12.57, a P/E/G ratio of 1.29 and a beta of 1.81. Jack in the Box Inc. has a 1-year low of $22.01 and a 1-year high of $60.73. The firm’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $38.96.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. On average, equities research analysts predict 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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date was Thursday, March 20th. Jack in the Box’s dividend payout ratio is -82.63%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JACK. Robert W. Baird cut their price objective on Jack in the Box from $34.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Guggenheim reiterated a “buy” rating and set a $55.00 price objective on shares of Jack in the Box in a research report on Thursday, February 27th. UBS Group cut 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 research note on Tuesday, January 7th. Finally, TD Securities reaffirmed a “hold” rating and issued a $42.00 target price on shares of Jack in the Box in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $44.78.

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.