UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Jack in the Box Inc. (NASDAQ:JACK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Jack in the Box Inc. (NASDAQ:JACK) by 22.8% in the third quarter, HoldingsChannel.com reports. The firm owned 29,654 shares of the restaurant operator’s stock after selling 8,773 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Jack in the Box were worth $1,380,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. FORA Capital LLC increased its holdings in Jack in the Box by 87.4% in the third quarter. FORA Capital LLC now owns 14,846 shares of the restaurant operator’s stock valued at $691,000 after buying an additional 6,925 shares in the last quarter. Blueshift Asset Management LLC acquired a new stake in shares of Jack in the Box in the 3rd quarter worth approximately $1,028,000. BNP Paribas Financial Markets increased its stake in Jack in the Box by 47.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 11,699 shares of the restaurant operator’s stock valued at $544,000 after purchasing an additional 3,754 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Jack in the Box during the third quarter worth $1,137,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Jack in the Box by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock worth $18,081,000 after purchasing an additional 8,038 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. The Goldman Sachs Group cut their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, October 21st. Bank of America lifted their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Wedbush lowered their price target on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th. Finally, Northcoast Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $59.88.

Jack in the Box Price Performance

NASDAQ JACK opened at $42.85 on Wednesday. The company has a market cap of $806.91 million, a P/E ratio of -21.97, a P/E/G ratio of 1.59 and a beta of 1.92. 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 50-day moving average of $47.23 and a 200-day moving average of $49.42.

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 given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.11%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

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.