Scientech Research LLC Reduces Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Scientech Research LLC trimmed its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 50.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,130 shares of the restaurant operator’s stock after selling 4,181 shares during the quarter. Scientech Research LLC’s holdings in Jack in the Box were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Jack in the Box by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 358 shares during the period. Earnest Partners LLC lifted its holdings in shares of Jack in the Box by 10.2% in the second quarter. Earnest Partners LLC now owns 240,784 shares of the restaurant operator’s stock worth $12,266,000 after buying an additional 22,226 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Jack in the Box by 296.5% during the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after acquiring an additional 101,064 shares during the period. Point72 DIFC Ltd lifted its stake in Jack in the Box by 284.6% in the 2nd quarter. Point72 DIFC Ltd now owns 15,955 shares of the restaurant operator’s stock worth $813,000 after purchasing an additional 11,806 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp purchased a new stake in Jack in the Box in the 2nd quarter worth approximately $361,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at $642,360.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on JACK shares. Piper Sandler decreased their price target on shares of Jack in the Box from $60.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley decreased their price target on shares of Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group lowered their price target on shares of Jack in the Box from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $69.35.

Jack in the Box Trading Up 0.3 %

Shares of Jack in the Box stock opened at $46.68 on Wednesday. The company’s fifty day simple moving average is $49.82 and its two-hundred day simple moving average is $54.18. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20. The company has a market cap of $905.13 million, a P/E ratio of 8.22, a PEG ratio of 0.70 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. The company had revenue of $369.17 million during the quarter, compared to the consensus estimate of $371.81 million. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. Jack in the Box’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 earnings per share. Analysts predict that Jack in the Box Inc. will post 6.22 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.77%. Jack in the Box’s dividend payout ratio (DPR) is 30.99%.

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.