Quantbot Technologies LP Acquires New Shares in Jack in the Box Inc. (NASDAQ:JACK)

Quantbot Technologies LP bought a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) in the 4th quarter, HoldingsChannel.com reports. The fund bought 5,587 shares of the restaurant operator’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Invenomic Capital Management LP acquired a new position in Jack in the Box during the 3rd quarter worth approximately $11,802,000. Raymond James Financial Inc. acquired a new position in shares of Jack in the Box during the fourth quarter worth $7,655,000. Barclays PLC lifted its stake in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after acquiring an additional 89,649 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Jack in the Box by 191.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 88,000 shares of the restaurant operator’s stock valued at $4,096,000 after acquiring an additional 57,810 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Jack in the Box by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock worth $18,170,000 after acquiring an additional 47,851 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Stock Performance

Shares of JACK opened at $27.43 on Friday. The firm has a market cap of $517.27 million, a PE ratio of -14.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95. Jack in the Box Inc. has a 52-week low of $27.32 and a 52-week high of $68.89. The business’s 50 day moving average price is $36.55 and its two-hundred day moving average price is $41.94.

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

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 annualized dividend and a dividend yield of 6.42%. Jack in the Box’s dividend payout ratio is presently -82.63%.

Analyst Ratings Changes

Several equities analysts have commented on JACK shares. Guggenheim reiterated a “buy” rating and issued a $55.00 target price on shares of Jack in the Box in a research report on Thursday, February 27th. TD Securities reiterated 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. Stifel Nicolaus decreased their price target on shares of Jack in the Box from $40.00 to $35.00 and set a “hold” rating for the company in a research report on Monday, March 24th. Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $40.00 in a research note on Friday, February 21st. Finally, Morgan Stanley reduced their price objective on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $49.25.

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.