Dimensional Fund Advisors LP Reduces Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Dimensional Fund Advisors LP reduced its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 372,237 shares of the restaurant operator’s stock after selling 55,908 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.97% of Jack in the Box worth $15,501,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JACK. Quadrant Capital Group LLC raised its stake in Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after buying an additional 442 shares in the last quarter. GAMMA Investing LLC raised its holdings in Jack in the Box by 229.7% in 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 in the last quarter. KBC Group NV lifted its position in Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 616 shares during the period. PNC Financial Services Group Inc. boosted its holdings in shares of Jack in the Box by 168.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 978 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Jack in the Box in the 4th quarter worth about $72,000. 99.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Sanford C. Bernstein set a $24.00 price objective on shares of Jack in the Box in a report on Tuesday, April 22nd. Guggenheim reaffirmed 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. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Truist Financial reduced their price target on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, Stifel Nicolaus set a $32.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Jack in the Box Stock Up 2.3 %

JACK opened at $27.21 on Friday. Jack in the Box Inc. has a 52 week low of $22.01 and a 52 week high of $60.73. The firm has a 50-day simple moving average of $27.90 and a two-hundred day simple moving average of $37.79. The company has a market capitalization of $513.11 million, a PE ratio of -13.95, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 15.79% and a negative net margin of 2.34%. As a group, 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.47%. Jack in the Box’s dividend payout ratio (DPR) is presently -82.63%.

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.