Aquatic Capital Management LLC Increases Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Aquatic Capital Management LLC increased its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 38.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 54,778 shares of the restaurant operator’s stock after buying an additional 15,178 shares during the period. Aquatic Capital Management LLC owned about 0.29% of Jack in the Box worth $2,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in Jack in the Box by 3.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock worth $30,244,000 after buying an additional 25,881 shares in the last quarter. IPG Investment Advisors LLC raised its stake in Jack in the Box by 59.2% in the fourth quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock worth $18,347,000 after buying an additional 163,834 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Jack in the Box by 12.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock worth $18,170,000 after buying an additional 47,851 shares in the last quarter. Barclays PLC raised its stake in Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after buying an additional 89,649 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Jack in the Box by 178.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator’s stock worth $8,192,000 after buying an additional 126,101 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Stock Up 5.1 %

JACK stock opened at $25.75 on Tuesday. Jack in the Box Inc. has a 52-week low of $22.01 and a 52-week high of $60.73. The firm has a market cap of $485.59 million, a P/E ratio of -13.21, a PEG ratio of 1.29 and a beta of 1.81. The company’s 50-day simple moving average is $29.64 and its 200-day simple moving average is $38.75.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. On average, analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 6.83%. The ex-dividend date was Thursday, March 20th. Jack in the Box’s payout ratio is -82.63%.

Analyst Ratings Changes

JACK has been the subject of a number of recent research reports. Barclays reduced their price objective on shares of Jack in the Box from $40.00 to $24.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Sanford C. Bernstein set a $24.00 price target on Jack in the Box in a research report on Tuesday, April 22nd. Guggenheim reaffirmed a “buy” rating and set a $55.00 price target on shares of Jack in the Box in a research report on Thursday, February 27th. UBS Group reduced their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus set a $32.00 price target on Jack in the Box and gave the stock a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.00.

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.