Louisiana State Employees Retirement System Makes New $824,000 Investment in Jack in the Box Inc. (NASDAQ:JACK)

Louisiana State Employees Retirement System bought a new stake in Jack in the Box Inc. (NASDAQ:JACK) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 10,100 shares of the restaurant operator’s stock, valued at approximately $824,000. Louisiana State Employees Retirement System owned approximately 0.05% of Jack in the Box as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box in the third quarter valued at about $93,000. Nisa Investment Advisors LLC grew its stake in shares of Jack in the Box by 16,893.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,549 shares of the restaurant operator’s stock valued at $176,000 after buying an additional 2,534 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Jack in the Box in the third quarter valued at about $220,000. Olympiad Research LP acquired a new stake in shares of Jack in the Box in the third quarter valued at about $266,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Jack in the Box by 17.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the restaurant operator’s stock valued at $298,000 after buying an additional 635 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JACK shares. Truist Financial increased their target price on Jack in the Box from $95.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. TD Cowen reiterated a “hold” rating and issued a $82.00 target price on shares of Jack in the Box in a research report on Wednesday, April 10th. Robert W. Baird decreased their target price on Jack in the Box from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Barclays decreased their target price on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Finally, Morgan Stanley decreased their target price on Jack in the Box from $80.00 to $75.00 and set an “equal weight” rating for the company in a research report on Friday, April 12th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.67.

Jack in the Box Stock Performance

Shares of JACK stock opened at $58.79 on Friday. Jack in the Box Inc. has a 1 year low of $57.66 and a 1 year high of $99.56. The stock has a fifty day moving average of $67.43 and a two-hundred day moving average of $71.70. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.71 and a beta of 1.76.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.95. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The company had revenue of $487.50 million during the quarter, compared to analyst estimates of $480.76 million. During the same quarter in the previous year, the firm posted $2.01 EPS. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. Equities research analysts predict that Jack in the Box Inc. will post 6.38 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Thursday, March 14th. Jack in the Box’s dividend payout ratio is presently 30.93%.

Insider Transactions at Jack in the Box

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