BNP Paribas Financial Markets Grows Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

BNP Paribas Financial Markets lifted its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 505.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,843 shares of the restaurant operator’s stock after buying an additional 59,144 shares during the quarter. BNP Paribas Financial Markets’ holdings in Jack in the Box were worth $2,950,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of Jack in the Box by 2.0% in the fourth quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator’s stock valued at $859,000 after purchasing an additional 413 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 442 shares in the last quarter. KBC Group NV grew its holdings in shares of Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 616 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 978 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Jack in the Box by 10.2% in the fourth quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock valued at $445,000 after purchasing an additional 993 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

JACK has been the subject of several analyst reports. Stifel Nicolaus set a $32.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a report on Monday, April 28th. Barclays lowered their price target on shares of Jack in the Box from $24.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Royal Bank of Canada lowered their price target on shares of Jack in the Box from $45.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Finally, Loop Capital lowered their price target on shares of Jack in the Box from $65.00 to $61.00 and set a “buy” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Jack in the Box presently has an average rating of “Hold” and an average target price of $42.50.

Jack in the Box Trading Down 6.3%

Shares of Jack in the Box stock opened at $24.06 on Friday. The company has a fifty day simple moving average of $26.86 and a 200-day simple moving average of $37.07. Jack in the Box Inc. has a 12-month low of $22.01 and a 12-month high of $60.73. The stock has a market cap of $453.72 million, a price-to-earnings ratio of -12.34, a PEG ratio of 1.29 and a beta of 1.35.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 EPS for the quarter, beating the consensus estimate of $1.13 by $0.07. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The firm had revenue of $336.70 million during the quarter, compared to the consensus estimate of $345.81 million. During the same quarter in the prior year, the firm earned $1.46 EPS. Jack in the Box’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts forecast that Jack in the Box Inc. will post 5.33 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were given a $0.44 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 7.32%. Jack in the Box’s dividend payout ratio (DPR) is -82.63%.

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.