Jack in the Box Inc. (NASDAQ:JACK) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC increased its position in Jack in the Box Inc. (NASDAQ:JACK) by 20.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,852 shares of the restaurant operator’s stock after purchasing an additional 819 shares during the period. MML Investors Services LLC’s holdings in Jack in the Box were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in Jack in the Box by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 358 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Jack in the Box by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock valued at $255,000 after buying an additional 503 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Jack in the Box during the 3rd quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. raised its stake in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Jack in the Box by 31.9% in the second quarter. Inspire Investing LLC now owns 7,647 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 1,851 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Price Performance

JACK opened at $40.53 on Friday. The business has a 50 day moving average price of $46.47 and a two-hundred day moving average price of $48.69. The company has a market capitalization of $763.22 million, a price-to-earnings ratio of -20.78, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. Jack in the Box Inc. has a 1-year low of $38.12 and a 1-year high of $86.20.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be issued a $0.44 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.34%. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on JACK shares. Truist Financial dropped their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Piper Sandler cut their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, Barclays lifted their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. One research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $59.88.

Insider Activity at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 2,343 shares of company stock valued at $100,601 over the last 90 days. 1.60% of the stock is currently owned by corporate insiders.

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.