Gotham Asset Management LLC Has $812,000 Stake in Jack in the Box Inc. (NASDAQ:JACK)

Gotham Asset Management LLC reduced its position in Jack in the Box Inc. (NASDAQ:JACK) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,503 shares of the restaurant operator’s stock after selling 3,022 shares during the period. Gotham Asset Management LLC’s holdings in Jack in the Box were worth $812,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JACK. Quadrant Capital Group LLC lifted its stake in shares of Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 442 shares in the last quarter. KBC Group NV raised its holdings in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 616 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in Jack in the Box by 168.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 978 shares in the last quarter. R Squared Ltd acquired a new position in Jack in the Box during the 4th quarter valued at about $72,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Jack in the Box during the 4th quarter worth approximately $137,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Trading Down 1.3%

NASDAQ:JACK opened at $23.75 on Monday. Jack in the Box Inc. has a 12 month low of $22.01 and a 12 month high of $60.73. The firm’s 50 day moving average is $26.66 and its 200 day moving average is $36.71. The stock has a market capitalization of $447.88 million, a PE ratio of -12.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.35.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business had revenue of $336.70 million during the quarter, compared to the consensus estimate of $345.81 million. During the same period last year, the business posted $1.46 earnings per share. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. Research analysts predict that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 7.41%. The ex-dividend date was Thursday, March 20th. Jack in the Box’s dividend payout ratio is currently -82.63%.

Analyst Ratings Changes

JACK has been the topic of a number of recent research reports. Wedbush lowered Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $40.00 in a report on Friday, February 21st. Guggenheim restated a “buy” rating and set a $55.00 price objective on shares of Jack in the Box in a research note on Thursday, February 27th. Robert W. Baird reduced their target price on shares of Jack in the Box from $34.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Morgan Stanley dropped their price target on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus set a $32.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Jack in the Box has a consensus rating of “Hold” and a consensus target price of $42.50.

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.