Charles Schwab Investment Management Inc. Acquires 47,851 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Charles Schwab Investment Management Inc. increased its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 12.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 436,361 shares of the restaurant operator’s stock after acquiring an additional 47,851 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Jack in the Box were worth $18,170,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in Jack in the Box by 70.9% during the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after purchasing an additional 89,649 shares during the period. Biglari Sardar grew its holdings in Jack in the Box by 14.2% during the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock valued at $4,501,000 after purchasing an additional 12,000 shares during the period. Proficio Capital Partners LLC bought a new position in Jack in the Box during the fourth quarter valued at $666,000. Allspring Global Investments Holdings LLC grew its holdings in Jack in the Box by 3.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock valued at $30,244,000 after purchasing an additional 25,881 shares during the period. Finally, Stifel Financial Corp grew its holdings in Jack in the Box by 111.6% during the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after purchasing an additional 43,086 shares during the period. 99.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on JACK shares. Deutsche Bank Aktiengesellschaft reduced their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. Truist Financial dropped their target price on Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Finally, TD Securities restated a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.56.

Jack in the Box Stock Performance

Shares of JACK stock opened at $31.44 on Thursday. Jack in the Box Inc. has a 52-week low of $30.76 and a 52-week high of $71.80. The company has a market capitalization of $592.90 million, a PE ratio of -16.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95. The business’s fifty day moving average is $37.87 and its 200 day moving average is $42.76.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The company had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. On average, sell-side analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 5.60%. Jack in the Box’s payout ratio is -82.63%.

Jack in the Box 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.