Geode Capital Management LLC Acquires 399 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Geode Capital Management LLC increased its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 454,177 shares of the restaurant operator’s stock after buying an additional 399 shares during the quarter. Geode Capital Management LLC owned about 2.37% of Jack in the Box worth $21,142,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of JACK. Victory Capital Management Inc. boosted its holdings in shares of 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 valued at $28,408,000 after acquiring an additional 403,423 shares during the last quarter. Invenomic Capital Management LP bought a new position in Jack in the Box during the third quarter valued at approximately $11,802,000. Clearline Capital LP boosted its holdings in Jack in the Box by 136.7% in 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. Squarepoint Ops LLC grew its position in Jack in the Box by 296.5% in the 2nd 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, Barclays PLC raised its stake in Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after buying an additional 89,649 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group dropped 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. Bank of America raised their target price on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. TD Cowen restated a “hold” rating and set a $50.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. Barclays increased their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.88.

Insider Activity at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 2,343 shares of company stock valued at $100,601. 1.60% of the stock is owned by company insiders.

Jack in the Box Stock Performance

Shares of JACK stock opened at $42.38 on Friday. The stock has a fifty day simple moving average of $46.40 and a two-hundred day simple moving average of $48.60. Jack in the Box Inc. has a 52-week low of $38.12 and a 52-week high of $86.20. The firm has a market capitalization of $798.02 million, a PE ratio of -21.73, a PEG ratio of 1.49 and a beta of 1.92.

Jack in the Box Announces Dividend

The firm also recently announced 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. This represents a $1.76 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

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.