Charles Schwab Investment Management Inc. Acquires 47,851 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Charles Schwab Investment Management Inc. increased its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 12.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 436,361 shares of the restaurant operator’s stock after purchasing an additional 47,851 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.31% of Jack in the Box worth $18,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in JACK. Invenomic Capital Management LP acquired a new position in Jack in the Box in the 3rd quarter valued at $11,802,000. Barclays PLC increased its stake in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after purchasing an additional 89,649 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Jack in the Box by 191.5% in 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 purchasing an additional 57,810 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Jack in the Box by 111.6% in the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after purchasing an additional 43,086 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Jack in the Box by 3.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock valued at $30,244,000 after purchasing an additional 25,881 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JACK shares. TD Cowen restated a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research report on Thursday, November 21st. Barclays reduced their price target on Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. TD Securities reiterated a “hold” rating and issued a $42.00 price target on shares of Jack in the Box in a research report on Wednesday, February 26th. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Oppenheimer reduced their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $49.56.

Jack in the Box Stock Performance

JACK stock opened at $31.44 on Thursday. The stock’s 50 day simple moving average is $37.87 and its 200 day simple moving average is $42.76. Jack in the Box Inc. has a fifty-two week low of $30.76 and a fifty-two week high of $71.80. The company has a market cap of $592.90 million, a P/E ratio of -16.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last posted its quarterly 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 business had revenue of $469.44 million for 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%. Equities analysts predict that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is presently -82.63%.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the company’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 transaction, 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 legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.40% of the company’s stock.

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.