BNP Paribas Financial Markets Purchases 3,754 Shares of Jack in the Box Inc. (NASDAQ:JACK)

BNP Paribas Financial Markets grew its position in Jack in the Box Inc. (NASDAQ:JACK) by 47.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,699 shares of the restaurant operator’s stock after acquiring an additional 3,754 shares during the quarter. BNP Paribas Financial Markets’ holdings in Jack in the Box were worth $544,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Jack in the Box by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after purchasing an additional 85,461 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock valued at $28,408,000 after buying an additional 403,423 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Jack in the Box by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock valued at $18,081,000 after buying an additional 8,038 shares in the last quarter. Clearline Capital LP lifted its holdings in shares of Jack in the Box by 136.7% during the 2nd quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock worth $12,757,000 after acquiring an additional 144,631 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Jack in the Box by 8.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after acquiring an additional 18,874 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Stock Down 3.3 %

Shares of NASDAQ:JACK opened at $45.50 on Friday. Jack in the Box Inc. has a 12 month low of $40.84 and a 12 month high of $86.20. The firm has a market cap of $856.81 million, a P/E ratio of -23.33, a P/E/G ratio of 1.59 and a beta of 1.92. The company’s 50-day moving average price is $47.26 and its two-hundred day moving average price is $49.63.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio is currently -90.26%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Oppenheimer reissued an “outperform” rating and issued a $60.00 price target on shares of Jack in the Box in a research report on Thursday, November 21st. Bank of America increased their target price on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Guggenheim dropped their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Finally, UBS Group cut their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.88.

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.