Scientech Research LLC Has $210,000 Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Scientech Research LLC cut its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 50.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,130 shares of the restaurant operator’s stock after selling 4,181 shares during the period. Scientech Research LLC’s holdings in Jack in the Box were worth $210,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its position in Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after buying an additional 130,214 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Jack in the Box by 261.5% during the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after purchasing an additional 403,423 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Jack in the Box by 8.3% during the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock worth $12,505,000 after purchasing an additional 18,874 shares during the period. Earnest Partners LLC grew its stake in shares of Jack in the Box by 10.2% in the second quarter. Earnest Partners LLC now owns 240,784 shares of the restaurant operator’s stock worth $12,266,000 after purchasing an additional 22,226 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in Jack in the Box in the fourth quarter valued at $11,424,000. 99.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Jack in the Box Stock Up 0.3 %

NASDAQ JACK opened at $46.68 on Wednesday. Jack in the Box Inc. has a 52 week low of $40.84 and a 52 week high of $86.20. The business has a 50 day moving average price of $49.82 and a 200-day moving average price of $54.18. The company has a market cap of $905.13 million, a price-to-earnings ratio of 8.22, a P/E/G ratio of 0.70 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.14. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The business had revenue of $369.17 million during the quarter, compared to analyst estimates of $371.81 million. During the same quarter in the previous year, the business posted $1.45 EPS. Jack in the Box’s quarterly revenue was down 7.0% on a year-over-year basis. On average, equities research analysts anticipate that Jack in the Box Inc. will post 6.22 earnings per share for the current year.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were given a $0.44 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.76 annualized dividend and a yield of 3.77%. Jack in the Box’s payout ratio is 30.99%.

Analysts Set New Price Targets

A number of research firms have commented on JACK. TD Cowen reiterated a “hold” rating and issued a $57.00 price target on shares of Jack in the Box in a research report on Thursday, September 12th. Bank of America decreased their target price on shares of Jack in the Box from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, August 19th. The Goldman Sachs Group started coverage on shares of Jack in the Box in a report on Thursday, June 13th. They set a “sell” rating and a $55.00 price target for the company. UBS Group reduced their price objective on shares of Jack in the Box from $60.00 to $55.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Truist Financial lowered their target price on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.35.

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.