Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in Jack in the Box Inc. (NASDAQ:JACK) by 4.0% in the third quarter, HoldingsChannel reports. The fund owned 5,713 shares of the restaurant operator’s stock after selling 239 shares during the quarter. Amalgamated Bank’s holdings in Jack in the Box were worth $266,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC increased its stake in shares of Jack in the Box by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 366 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box in the third quarter valued at approximately $41,000. MQS Management LLC purchased a new stake in shares of Jack in the Box in the first quarter valued at approximately $260,000. SG Americas Securities LLC acquired a new position in shares of Jack in the Box during the 3rd quarter worth approximately $185,000. Finally, Selway Asset Management purchased a new position in shares of Jack in the Box during the 3rd quarter valued at approximately $228,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was 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 directly owns 13,201 shares in the company, valued at $642,360.66. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JACK has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. UBS Group decreased their price target on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. Loop Capital cut their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 price target on shares of Jack in the Box in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.44.

Jack in the Box Price Performance

NASDAQ:JACK opened at $44.76 on Monday. Jack in the Box Inc. has a 1-year low of $40.84 and a 1-year high of $86.20. The firm has a market capitalization of $856.26 million, a price-to-earnings ratio of -22.49, a PEG ratio of 0.70 and a beta of 1.93. The company’s 50-day moving average is $46.00 and its two-hundred day moving average is $50.44.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Friday, August 30th. Jack in the Box’s dividend payout ratio (DPR) is presently -88.44%.

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.