Crawford Investment Counsel Inc. Has $5.16 Million Stake in Jack in the Box Inc. (NASDAQ:JACK)

Crawford Investment Counsel Inc. grew its position in Jack in the Box Inc. (NASDAQ:JACKGet Rating) by 8.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,213 shares of the restaurant operator’s stock after purchasing an additional 4,430 shares during the period. Crawford Investment Counsel Inc. owned about 0.26% of Jack in the Box worth $5,157,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Jack in the Box by 36.3% in the 1st quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock worth $306,789,000 after purchasing an additional 874,419 shares in the last quarter. Vanguard Group Inc. raised its holdings in Jack in the Box by 10.1% during the first quarter. Vanguard Group Inc. now owns 2,254,354 shares of the restaurant operator’s stock worth $210,580,000 after buying an additional 207,183 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in Jack in the Box by 45.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 938,622 shares of the restaurant operator’s stock worth $82,111,000 after buying an additional 292,155 shares during the last quarter. Hawk Ridge Capital Management LP raised its holdings in Jack in the Box by 102.6% during the first quarter. Hawk Ridge Capital Management LP now owns 667,623 shares of the restaurant operator’s stock worth $62,363,000 after buying an additional 338,068 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Jack in the Box by 2.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,179 shares of the restaurant operator’s stock worth $52,140,000 after acquiring an additional 11,009 shares in the last quarter. Institutional investors own 99.09% of the company’s stock.

Analyst Upgrades and Downgrades

JACK has been the subject of several research reports. UBS Group reduced their price target on shares of Jack in the Box from $93.00 to $85.00 and set a “na” rating for the company in a research report on Wednesday, May 18th. Truist Financial dropped their price objective on shares of Jack in the Box from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, August 11th. Wedbush upped their price objective on shares of Jack in the Box from $80.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Guggenheim increased their price target on shares of Jack in the Box from $85.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Citigroup increased their price target on shares of Jack in the Box to $87.00 in a report on Monday, August 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and an average price target of $89.93.

Insider Transactions at Jack in the Box

In related news, CEO Darin S. Harris sold 743 shares of Jack in the Box stock in a transaction dated Thursday, June 23rd. The stock was sold at an average price of $57.42, for a total value of $42,663.06. Following the completion of the sale, the chief executive officer now directly owns 36,778 shares in the company, valued at approximately $2,111,792.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Jack in the Box Trading Up 2.9 %

Shares of Jack in the Box stock opened at $81.74 on Friday. The firm has a market capitalization of $1.72 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.80 and a beta of 1.69. The business has a fifty day simple moving average of $74.54 and a two-hundred day simple moving average of $77.27. Jack in the Box Inc. has a 12 month low of $54.80 and a 12 month high of $105.98.

Jack in the Box (NASDAQ:JACKGet Rating) last announced its quarterly earnings data on Wednesday, August 10th. The restaurant operator reported $1.38 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.04). The firm had revenue of $398.30 million for the quarter, compared to analysts’ expectations of $397.37 million. Jack in the Box had a net margin of 8.10% and a negative return on equity of 17.06%. The business’s quarterly revenue was up 47.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.79 EPS. Analysts predict that Jack in the Box Inc. will post 5.84 earnings per share for the current year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Wednesday, August 24th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Tuesday, August 23rd. Jack in the Box’s dividend payout ratio is presently 34.51%.

Jack in the Box Profile

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Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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