GSA Capital Partners LLP Invests $229,000 in Jack in the Box Inc. (NASDAQ:JACK)

GSA Capital Partners LLP bought a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 4,916 shares of the restaurant operator’s stock, valued at approximately $229,000.

Several other institutional investors have also bought and sold shares of JACK. Access Investment Management LLC bought a new position in shares of Jack in the Box during the third quarter valued at $1,475,000. Emerald Advisers LLC increased its position in shares of Jack in the Box by 2.9% during the 3rd quarter. Emerald Advisers LLC now owns 200,067 shares of the restaurant operator’s stock worth $9,311,000 after purchasing an additional 5,582 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Jack in the Box during the 3rd quarter valued at about $41,000. Allspring Global Investments Holdings LLC boosted its position in Jack in the Box by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after buying an additional 85,461 shares in the last quarter. Finally, Selway Asset Management bought a new stake in Jack in the Box during the third quarter worth about $228,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Stock Performance

Shares of JACK stock opened at $47.50 on Monday. The firm’s 50 day moving average price is $46.34 and its two-hundred day moving average price is $50.15. The stock has a market cap of $908.49 million, a PE ratio of -24.36, a PEG ratio of 1.49 and a beta of 1.93. Jack in the Box Inc. has a 52-week low of $40.84 and a 52-week high of $86.20.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.71%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Activity at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value 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 $642,360.66. The trade was a 5.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday. UBS Group cut 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 report on Friday, October 4th. Truist Financial decreased their target price on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a report on Friday. Guggenheim cut their price target on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, Barclays upped their price target on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Jack in the Box currently has an average rating of “Hold” and an average target price of $60.38.

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.