Thrivent Financial for Lutherans Lowers Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Thrivent Financial for Lutherans trimmed its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 6.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,059 shares of the restaurant operator’s stock after selling 1,078 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Jack in the Box worth $701,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Victory Capital Management Inc. lifted its position in Jack in the Box by 261.5% during the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after acquiring an additional 403,423 shares during the period. Clearline Capital LP raised its stake in shares of Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock worth $12,757,000 after purchasing an additional 144,631 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Jack in the Box by 26.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after purchasing an additional 130,214 shares during the last quarter. Squarepoint Ops LLC lifted its holdings in shares of Jack in the Box by 296.5% during the second quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after purchasing an additional 101,064 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new position in Jack in the Box in the 2nd quarter valued at $3,311,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on JACK shares. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday, November 29th. Bank of America raised their price objective on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Loop Capital lowered their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. TD Cowen reissued a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, UBS Group decreased their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Stock Performance

Shares of JACK opened at $49.36 on Wednesday. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20. The company has a 50-day moving average of $46.77 and a two-hundred day moving average of $49.90.

Jack in the Box Dividend Announcement

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 given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.57%. Jack in the Box’s dividend payout ratio is currently -90.26%.

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.