Proficio Capital Partners LLC Acquires New Position in Jack in the Box Inc. (NASDAQ:JACK)

Proficio Capital Partners LLC acquired a new stake in Jack in the Box Inc. (NASDAQ:JACK) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 15,990 shares of the restaurant operator’s stock, valued at approximately $666,000. Proficio Capital Partners LLC owned 0.08% of Jack in the Box as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JACK. Invenomic Capital Management LP bought a new stake in Jack in the Box in the 3rd quarter valued at about $11,802,000. Barclays PLC grew its holdings 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 in the last quarter. Point72 Asset Management L.P. grew its holdings in Jack in the Box by 191.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 88,000 shares of the restaurant operator’s stock valued at $4,096,000 after buying an additional 57,810 shares in the last quarter. Stifel Financial Corp grew its holdings in Jack in the Box by 111.6% during the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after buying an additional 43,086 shares in the last quarter. Finally, Access Investment Management LLC purchased a new position in Jack in the Box during the 3rd quarter valued at about $1,475,000. 99.79% of the stock is currently owned by institutional investors.

Jack in the Box Price Performance

NASDAQ:JACK opened at $38.23 on Monday. The business has a 50 day moving average of $39.11 and a 200 day moving average of $43.70. The company has a market capitalization of $720.94 million, a price-to-earnings ratio of -19.61, a PEG ratio of 1.29 and a beta of 1.95. Jack in the Box Inc. has a 1-year low of $32.69 and a 1-year high of $75.23.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. As a group, sell-side analysts anticipate that Jack in the Box Inc. will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be given a $0.44 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 4.60%. Jack in the Box’s payout ratio is currently -82.63%.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on JACK shares. UBS Group reduced their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Barclays reduced their target price on Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. TD Cowen reaffirmed a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. Guggenheim reissued a “buy” rating and set a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th. Finally, Royal Bank of Canada cut their price objective on Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.56.

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.