SG Americas Securities LLC Takes Position in Jack in the Box Inc. (NASDAQ:JACK)

SG Americas Securities LLC purchased a new position in Jack in the Box Inc. (NASDAQ:JACK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 3,980 shares of the restaurant operator’s stock, valued at approximately $185,000.

A number of other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Jack in the Box by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after buying an additional 179 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Jack in the Box by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 115,564 shares of the restaurant operator’s stock worth $7,914,000 after acquiring an additional 2,315 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Jack in the Box by 6.3% in the 1st quarter. BNP Paribas Financial Markets now owns 17,581 shares of the restaurant operator’s stock worth $1,204,000 after acquiring an additional 1,039 shares during the last quarter. Capstone Investment Advisors LLC lifted its position in Jack in the Box by 111.5% in the 1st quarter. Capstone Investment Advisors LLC now owns 34,022 shares of the restaurant operator’s stock valued at $2,330,000 after acquiring an additional 17,934 shares in the last quarter. Finally, FORA Capital LLC purchased a new stake in Jack in the Box during the 1st quarter valued at $582,000. Institutional investors own 99.79% of the company’s stock.

Insiders Place Their Bets

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the sale, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is currently owned by company insiders.

Jack in the Box Stock Up 4.4 %

JACK stock opened at $46.47 on Thursday. The business’s 50-day moving average price is $46.75 and its 200-day moving average price is $51.82. The stock has a market cap of $901.05 million, a P/E ratio of 8.18, a PEG ratio of 0.63 and a beta of 1.94. Jack in the Box Inc. has a twelve month low of $40.84 and a twelve month high of $86.20.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.14. The business had revenue of $369.17 million for the quarter, compared to the consensus estimate of $371.81 million. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.45 earnings per share. On average, equities research analysts expect that Jack in the Box Inc. will post 6.22 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, August 30th. Jack in the Box’s dividend payout ratio is currently 30.99%.

Wall Street Analyst Weigh In

JACK has been the topic of a number of research analyst reports. Oppenheimer lowered their price target on Jack in the Box from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Barclays decreased their price objective on shares of Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. TD Cowen cut their price objective on Jack in the Box from $57.00 to $50.00 and set a “hold” rating for the company in a report on Wednesday, October 16th. Finally, The Goldman Sachs Group lowered their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and a consensus target price of $64.25.

Jack in the Box Company 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.