Amalgamated Bank Sells 239 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Amalgamated Bank cut its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 4.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,713 shares of the restaurant operator’s stock after selling 239 shares during the quarter. Amalgamated Bank’s holdings in Jack in the Box were worth $266,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Seven Eight Capital LP purchased a new stake in shares of Jack in the Box in the 1st quarter worth approximately $1,096,000. UniSuper Management Pty Ltd purchased a new stake in Jack in the Box during the first quarter worth $425,000. CANADA LIFE ASSURANCE Co boosted its position in Jack in the Box by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock valued at $1,265,000 after acquiring an additional 790 shares in the last quarter. MQS Management LLC bought a new stake in Jack in the Box during the 1st quarter valued at $260,000. Finally, EntryPoint Capital LLC increased its holdings in shares of Jack in the Box by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 366 shares during the period. 99.79% of the stock is currently owned by institutional investors.

Jack in the Box Stock Down 3.6 %

Jack in the Box stock opened at $44.76 on Monday. The stock has a 50-day moving average price of $46.00 and a 200 day moving average price of $50.44. The company has a market capitalization of $856.26 million, a price-to-earnings ratio of -22.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.93. Jack in the Box Inc. has a 52 week low of $40.84 and a 52 week high of $86.20.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s payout ratio is -88.44%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JACK shares. Northcoast Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday. Loop Capital lowered their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Oppenheimer cut their price objective on shares of Jack in the Box from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday. Truist Financial decreased 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 report on Wednesday, August 7th. Finally, TD Cowen cut their price target on shares of Jack in the Box from $57.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.44.

Insider Activity

In other news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at $642,360.66. The trade was a 5.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

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.