Vanguard Group Inc. Lowers Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Vanguard Group Inc. trimmed its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,355,286 shares of the restaurant operator’s stock after selling 72,731 shares during the quarter. Vanguard Group Inc. owned 0.12% of Jack in the Box worth $192,262,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in shares of Jack in the Box by 21.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 276 shares during the period. Axxcess Wealth Management LLC bought a new stake in Jack in the Box during the third quarter valued at about $220,000. Tower Research Capital LLC TRC grew its stake in Jack in the Box by 323.0% in the third quarter. Tower Research Capital LLC TRC now owns 4,759 shares of the restaurant operator’s stock valued at $329,000 after purchasing an additional 3,634 shares during the last quarter. Diversified Trust Co bought a new position in Jack in the Box in the third quarter worth about $366,000. Finally, Janney Montgomery Scott LLC lifted its position in shares of Jack in the Box by 16.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,144 shares of the restaurant operator’s stock valued at $420,000 after buying an additional 721 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Trading Down 1.8 %

NASDAQ JACK opened at $48.03 on Wednesday. The stock has a market capitalization of $931.30 million, a price-to-earnings ratio of 8.46, a PEG ratio of 0.71 and a beta of 1.92. The stock has a 50-day moving average of $53.99 and a 200 day moving average of $66.57. Jack in the Box Inc. has a twelve month low of $47.42 and a twelve month high of $99.56.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.03. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The business had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. During the same period in the prior year, the company posted $1.47 EPS. The business’s quarterly revenue was down 7.7% on a year-over-year basis. Equities analysts predict that Jack in the Box Inc. will post 6.31 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were given a $0.44 dividend. The ex-dividend date was Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 3.66%. Jack in the Box’s dividend payout ratio (DPR) is 30.99%.

Wall Street Analyst Weigh In

JACK has been the topic of a number of analyst reports. The Goldman Sachs Group started coverage on shares of Jack in the Box in a research report on Thursday, June 13th. They issued a “sell” rating and a $55.00 price objective on the stock. Loop Capital reduced their price target on Jack in the Box from $118.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Piper Sandler lowered their price target on Jack in the Box from $81.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. TD Cowen reissued a “hold” rating and set a $59.00 price objective on shares of Jack in the Box in a report on Thursday, June 13th. Finally, Bank of America dropped their target price on Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.94.

Insider Activity

In related news, CEO Darin S. Harris sold 598 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the completion of the transaction, the chief executive officer now owns 90,887 shares in the company, valued at approximately $4,693,404.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 800 shares of company stock worth $41,514 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

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.