Jack in the Box Inc. (NASDAQ:JACK) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in Jack in the Box Inc. (NASDAQ:JACK) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,891 shares of the restaurant operator’s stock after selling 2,168 shares during the period. New York State Teachers Retirement System owned approximately 0.17% of Jack in the Box worth $1,328,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box in the third quarter valued at about $41,000. GAMMA Investing LLC increased its holdings in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares during the period. KBC Group NV increased its holdings in shares of Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 616 shares during the period. R Squared Ltd acquired a new position in shares of Jack in the Box in the fourth quarter valued at about $72,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack in the Box Price Performance

NASDAQ JACK opened at $38.46 on Monday. The company has a market cap of $725.36 million, a PE ratio of -19.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The stock’s 50 day simple moving average is $39.90 and its 200-day simple moving average is $44.85. Jack in the Box Inc. has a 1-year low of $36.36 and a 1-year high of $76.56.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JACK. Deutsche Bank Aktiengesellschaft dropped their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus dropped their target price on Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Guggenheim dropped their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Piper Sandler dropped their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Oppenheimer dropped their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $52.13.

Insider Buying and Selling

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was 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 owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders have sold 2,190 shares of company stock worth $92,961. 1.40% of the stock is owned by corporate insiders.

Jack in the Box 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.