Point72 DIFC Ltd Has $813,000 Stake in Jack in the Box Inc. (NASDAQ:JACK)

Point72 DIFC Ltd raised its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 284.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,955 shares of the restaurant operator’s stock after buying an additional 11,806 shares during the period. Point72 DIFC Ltd owned 0.08% of Jack in the Box worth $813,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capstone Investment Advisors LLC bought a new position in shares of Jack in the Box during the fourth quarter worth approximately $1,313,000. GSA Capital Partners LLP increased its position in Jack in the Box by 777.7% during the 4th quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock worth $2,760,000 after buying an additional 29,957 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Jack in the Box by 21.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,073 shares of the restaurant operator’s stock worth $9,387,000 after buying an additional 23,770 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Jack in the Box in the second quarter valued at about $3,311,000. Finally, Seven Eight Capital LP acquired a new position in shares of Jack in the Box in the first quarter valued at about $1,096,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Stock Performance

JACK stock opened at $43.41 on Thursday. The stock has a fifty day moving average of $50.54 and a 200-day moving average of $55.10. Jack in the Box Inc. has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The company has a market capitalization of $830.43 million, a price-to-earnings ratio of 7.64, a PEG ratio of 0.70 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.14. The firm had revenue of $369.17 million during the quarter, compared to the consensus estimate of $371.81 million. Jack in the Box had a negative return on equity of 16.46% and a negative net margin of 2.30%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. Equities analysts predict that Jack in the Box Inc. will post 6.22 EPS for the current year.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s payout ratio is 30.99%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. The Goldman Sachs Group started coverage on shares of Jack in the Box in a research report on Thursday, June 13th. They issued a “sell” rating and a $55.00 target price for the company. UBS Group lowered their target price on Jack in the Box from $60.00 to $55.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wedbush dropped their target price on Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. TD Cowen restated a “hold” rating and set a $57.00 price target on shares of Jack in the Box in a report on Thursday, September 12th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Jack in the Box has an average rating of “Hold” and an average target price of $69.35.

Insider Activity

In related news, CFO Brian M. Scott sold 696 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at $642,360.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

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.