IPG Investment Advisors LLC Purchases 34,815 Shares of Jack in the Box Inc. (NASDAQ:JACK)

IPG Investment Advisors LLC boosted its position in shares of Jack in the Box Inc. (NASDAQ:JACKFree Report) by 108.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,995 shares of the restaurant operator’s stock after purchasing an additional 34,815 shares during the period. Jack in the Box comprises 1.1% of IPG Investment Advisors LLC’s holdings, making the stock its 25th largest position. IPG Investment Advisors LLC owned approximately 0.34% of Jack in the Box worth $5,469,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. DekaBank Deutsche Girozentrale acquired a new position in Jack in the Box during the third quarter valued at approximately $93,000. Quadrant Capital Group LLC grew its position in Jack in the Box by 21.8% in the 4th quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 276 shares in the last quarter. Nisa Investment Advisors LLC grew its position in shares of Jack in the Box by 16,893.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,549 shares of the restaurant operator’s stock valued at $176,000 after acquiring an additional 2,534 shares during the period. Axxcess Wealth Management LLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at approximately $220,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Jack in the Box by 323.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,759 shares of the restaurant operator’s stock worth $329,000 after buying an additional 3,634 shares during the period. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Price Performance

NASDAQ:JACK traded up $0.56 during mid-day trading on Monday, hitting $53.59. The company’s stock had a trading volume of 563,900 shares, compared to its average volume of 476,789. Jack in the Box Inc. has a 1 year low of $52.01 and a 1 year high of $99.56. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 9.43, a PEG ratio of 0.75 and a beta of 1.81. The business’s fifty day moving average is $59.54 and its two-hundred day moving average is $70.30.

Jack in the Box (NASDAQ:JACKGet Free Report) last posted its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The business had revenue of $365.40 million for the quarter, compared to analyst estimates of $369.53 million. During the same period in the prior year, the company posted $1.47 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts anticipate that Jack in the Box Inc. will post 6.31 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.28%. Jack in the Box’s dividend payout ratio is currently 30.99%.

Insider Transactions at Jack in the Box

In other news, Director Michael W. Murphy sold 1,332 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the sale, the director now owns 71,035 shares in the company, valued at approximately $5,155,720.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

JACK has been the topic of a number of analyst reports. Piper Sandler decreased their target price on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Wedbush decreased their target price on shares of Jack in the Box from $78.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, May 15th. TD Cowen reissued a “hold” rating and set a $73.00 price objective on shares of Jack in the Box in a report on Tuesday, May 14th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Barclays dropped their price target on shares of Jack in the Box from $80.00 to $60.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 15th. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $78.00.

View Our Latest Stock Analysis on Jack in the Box

Jack in the Box Profile

(Free Report)

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.

See Also

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

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