Great West Life Assurance Co. Can decreased its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 1.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 16,379 shares of the restaurant operator’s stock after selling 271 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Jack in the Box were worth $1,326,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. JNBA Financial Advisors acquired a new position in Jack in the Box in the 4th quarter worth approximately $31,000. Quadrant Capital Group LLC boosted its stake in Jack in the Box by 1,815.0% in the 1st quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 726 shares during the period. Strs Ohio boosted its stake in Jack in the Box by 600.0% in the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,200 shares during the period. Dupont Capital Management Corp acquired a new position in Jack in the Box in the 4th quarter worth approximately $197,000. Finally, First Trust Advisors LP acquired a new position in Jack in the Box in the 4th quarter worth approximately $201,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.
A number of equities analysts recently commented on JACK shares. Cowen reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Jack in the Box in a research note on Tuesday, February 19th. Wells Fargo & Co decreased their target price on shares of Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a research note on Thursday, February 14th. BidaskClub lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Morgan Stanley initiated coverage on shares of Jack in the Box in a research note on Tuesday, May 21st. They set an “equal weight” rating and a $87.00 target price for the company. Finally, Gordon Haskett raised shares of Jack in the Box from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $92.50.
JACK stock opened at $85.76 on Thursday. Jack in the Box Inc. has a 1 year low of $74.19 and a 1 year high of $93.98. The firm has a market capitalization of $2.19 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.59 and a beta of 0.38.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.06. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The business had revenue of $215.73 million during the quarter, compared to analyst estimates of $217.99 million. During the same quarter in the previous year, the business earned $0.80 EPS. Jack in the Box’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts forecast that Jack in the Box Inc. will post 4.25 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.60 annualized dividend and a yield of 1.87%. Jack in the Box’s dividend payout ratio (DPR) is presently 42.22%.
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Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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