SG Americas Securities LLC Takes $185,000 Position in Jack in the Box Inc. (NASDAQ:JACK)

SG Americas Securities LLC acquired a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 JACK. EntryPoint Capital LLC raised its stake in shares of Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 366 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Jack in the Box during the 1st quarter valued at $97,000. PNC Financial Services Group Inc. raised its position in Jack in the Box by 9.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 179 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 503 shares during the last quarter. Finally, MQS Management LLC purchased a new stake in Jack in the Box during the first quarter valued at about $260,000. Institutional investors own 99.79% of the company’s stock.

Insider Buying and Selling

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

Jack in the Box Stock Performance

Jack in the Box stock opened at $46.47 on Thursday. Jack in the Box Inc. has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The stock’s 50 day simple moving average is $46.75 and its two-hundred day simple moving average is $51.82. The stock has a market cap of $901.05 million, a price-to-earnings ratio of 8.18, a PEG ratio of 0.63 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last released 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 company had revenue of $369.17 million for the quarter, compared to analyst estimates of $371.81 million. Jack in the Box had a negative return on equity of 16.46% and a negative net margin of 2.30%. The firm’s revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. On average, analysts predict that Jack in the Box Inc. will post 6.22 earnings per share for the current year.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.79%. Jack in the Box’s dividend payout ratio (DPR) is currently 30.99%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank of Canada decreased their price objective 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. Bank of America lifted their price target on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday. UBS Group dropped their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. The Goldman Sachs Group decreased their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday. Finally, Wedbush dropped their price target on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.