3,798 Shares in Jack in the Box Inc. (NASDAQ:JACK) Bought by MQS Management LLC

MQS Management LLC bought a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,798 shares of the restaurant operator’s stock, valued at approximately $260,000.

Several other large investors also recently bought and sold shares of JACK. CANADA LIFE ASSURANCE Co lifted its holdings in Jack in the Box by 4.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock valued at $1,265,000 after purchasing an additional 790 shares in the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Jack in the Box during the first quarter valued at approximately $425,000. Seven Eight Capital LP purchased a new position in shares of Jack in the Box during the first quarter valued at approximately $1,096,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in Jack in the Box by 21.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,073 shares of the restaurant operator’s stock worth $9,387,000 after acquiring an additional 23,770 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Jack in the Box in the 1st quarter worth approximately $97,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Price Performance

Shares of JACK stock traded down $0.78 during trading hours on Friday, reaching $56.83. The stock had a trading volume of 33,476 shares, compared to its average volume of 483,431. The firm has a 50-day simple moving average of $52.83 and a 200-day simple moving average of $63.21. The firm has a market capitalization of $1.10 billion, a PE ratio of 10.14, a price-to-earnings-growth ratio of 0.74 and a beta of 1.91. Jack in the Box Inc. has a twelve month low of $46.10 and a twelve month high of $99.56.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $365.40 million during the quarter, compared to analyst estimates of $369.53 million. During the same quarter in the prior year, the firm posted $1.47 EPS. Jack in the Box’s revenue was down 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Jack in the Box Inc. will post 6.29 earnings per share for the current year.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.10%. The ex-dividend date was Thursday, June 6th. Jack in the Box’s dividend payout ratio is presently 30.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Bank of America reduced their target price on Jack in the Box from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Barclays cut their price objective on Jack in the Box from $80.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 15th. TD Cowen reiterated a “hold” rating and set a $59.00 target price on shares of Jack in the Box in a report on Thursday, June 13th. Morgan Stanley cut their price target on shares of Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Finally, Truist Financial reduced their price target on shares of Jack in the Box from $99.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $75.17.

Insider Transactions at Jack in the Box

In other Jack in the Box news, CEO Darin S. Harris sold 598 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the completion of the sale, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 800 shares of company stock valued at $41,514 over the last three months. Company insiders own 1.60% of the company’s stock.

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.