Principal Financial Group Inc. Has $1.09 Million Holdings in Jack In The Box Inc. $JACK

Principal Financial Group Inc. lessened its stake in shares of Jack In The Box Inc. (NASDAQ:JACK) by 57.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,288 shares of the restaurant operator’s stock after selling 75,063 shares during the period. Principal Financial Group Inc. owned 0.29% of Jack In The Box worth $1,093,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JACK. Royal Bank of Canada raised its position in Jack In The Box by 5.9% in the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after acquiring an additional 671 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 836 shares during the last quarter. Quent Capital LLC bought a new stake in Jack In The Box in the 3rd quarter worth approximately $42,000. Farther Finance Advisors LLC bought a new stake in Jack In The Box in the third quarter worth $65,000. Finally, SG Americas Securities LLC bought a new position in Jack In The Box during the 3rd quarter worth approximately $111,000. Institutional investors own 99.79% of the company’s stock.

Insider Activity at Jack In The Box

In related news, SVP Steven Piano sold 1,491 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total value of $28,448.28. Following the completion of the transaction, the senior vice president directly owned 27,053 shares of the company’s stock, valued at $516,171.24. This represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sarah L. Super sold 2,114 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $19.08, for a total value of $40,335.12. Following the completion of the transaction, the executive vice president owned 32,640 shares in the company, valued at $622,771.20. This trade represents a 6.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,462 shares of company stock worth $247,352 over the last three months. Company insiders own 1.40% of the company’s stock.

Jack In The Box Price Performance

Jack In The Box stock opened at $22.01 on Thursday. Jack In The Box Inc. has a 1-year low of $13.99 and a 1-year high of $41.09. The stock has a market capitalization of $420.39 million, a price-to-earnings ratio of -5.15, a PEG ratio of 1.08 and a beta of 1.14. The business has a fifty day moving average price of $20.84 and a 200-day moving average price of $19.15.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.10). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company had revenue of $349.52 million during the quarter, compared to analyst estimates of $355.73 million. During the same period last year, the firm earned $1.86 EPS. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Jack In The Box Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Piper Sandler decreased their price objective on shares of Jack In The Box from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Truist Financial lifted their target price on Jack In The Box from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. Zacks Research raised Jack In The Box from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Wall Street Zen cut shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Finally, UBS Group increased their price objective on shares of Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $25.60.

Jack In The Box Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.