Vanguard Group Inc. Has $192.26 Million Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Vanguard Group Inc. cut its position in Jack in the Box Inc. (NASDAQ:JACK) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,355,286 shares of the restaurant operator’s stock after selling 72,731 shares during the period. Vanguard Group Inc. owned 12.05% of Jack in the Box worth $192,262,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of Jack in the Box by 54.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 71,105 shares of the restaurant operator’s stock worth $4,911,000 after acquiring an additional 24,955 shares in the last quarter. Invesco Ltd. boosted its stake in Jack in the Box by 27.7% in the third quarter. Invesco Ltd. now owns 109,064 shares of the restaurant operator’s stock worth $7,532,000 after purchasing an additional 23,673 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Jack in the Box by 323.0% during the third quarter. Tower Research Capital LLC TRC now owns 4,759 shares of the restaurant operator’s stock worth $329,000 after purchasing an additional 3,634 shares during the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Jack in the Box in the third quarter valued at $220,000. Finally, Earnest Partners LLC lifted its position in Jack in the Box by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 270,106 shares of the restaurant operator’s stock worth $18,654,000 after buying an additional 3,649 shares in the last quarter. 99.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JACK has been the subject of several research reports. Piper Sandler lowered their price objective on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 price objective on shares of Jack in the Box in a research report on Friday, June 7th. The Goldman Sachs Group started coverage on Jack in the Box in a report on Thursday, June 13th. They set a “sell” rating and a $55.00 price objective on the stock. Loop Capital lowered their target price on Jack in the Box from $118.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Bank of America cut their price target on Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $75.94.

Insider Buying and Selling

In related news, CEO Darin S. Harris sold 598 shares of the company’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total value of $30,880.72. Following the completion of the transaction, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at approximately $4,693,404.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 800 shares of company stock worth $41,514 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Jack in the Box Stock Down 1.8 %

JACK opened at $48.03 on Wednesday. The stock has a market cap of $931.30 million, a P/E ratio of 8.46, a P/E/G ratio of 0.71 and a beta of 1.92. Jack in the Box Inc. has a 12 month low of $47.42 and a 12 month high of $99.56. The company has a fifty day simple moving average of $53.99 and a 200 day simple moving average of $66.57.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The company had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. During the same period in the prior year, the company earned $1.47 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. On average, equities research analysts expect that Jack in the Box Inc. will post 6.31 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Thursday, June 6th. Jack in the Box’s dividend payout ratio is 30.99%.

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.