Texas Permanent School Fund reduced its stake in Jack in the Box Inc. (NASDAQ:JACK) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,846 shares of the restaurant operator’s stock after selling 304 shares during the period. Texas Permanent School Fund’s holdings in Jack in the Box were worth $1,308,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. JNBA Financial Advisors acquired a new position in shares of Jack in the Box in the fourth quarter valued at about $31,000. Ancora Advisors LLC acquired a new position in shares of Jack in the Box in the third quarter valued at about $110,000. Strs Ohio grew its stake in shares of Jack in the Box by 600.0% in the fourth quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock valued at $108,000 after acquiring an additional 1,200 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Jack in the Box by 267.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock valued at $129,000 after acquiring an additional 1,123 shares in the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Jack in the Box in the fourth quarter valued at about $197,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.
Several equities analysts recently commented on the stock. BidaskClub upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Zacks Investment Research downgraded shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Monday, November 26th. Stifel Nicolaus restated a “hold” rating on shares of Jack in the Box in a research note on Wednesday, November 21st. Cowen restated a “hold” rating and issued a $81.00 price target on shares of Jack in the Box in a research note on Tuesday, February 19th. Finally, Wells Fargo & Co decreased their price target on shares of Jack in the Box from $96.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, February 14th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $90.44.
Shares of JACK stock traded up $0.18 on Friday, hitting $77.37. The company’s stock had a trading volume of 7,378 shares, compared to its average volume of 569,527. Jack in the Box Inc. has a fifty-two week low of $74.19 and a fifty-two week high of $93.98. The company has a market capitalization of $1.97 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.48 and a beta of 0.55.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, February 20th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The firm had revenue of $290.80 million for the quarter, compared to the consensus estimate of $275.26 million. Jack in the Box had a net margin of 16.55% and a negative return on equity of 20.44%. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. On average, equities research analysts anticipate that Jack in the Box Inc. will post 4.25 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, March 1st. This represents a $1.60 dividend on an annualized basis and a yield of 2.07%. Jack in the Box’s payout ratio is 42.22%.
In other Jack in the Box news, CEO Leonard A. Comma sold 1,615 shares of the stock in a transaction dated Friday, December 21st. The shares were sold at an average price of $77.44, for a total transaction of $125,065.60. Following the sale, the chief executive officer now directly owns 207,552 shares in the company, valued at $16,072,826.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 2,304 shares of company stock worth $179,218 over the last quarter. Corporate insiders own 2.30% of the company’s stock.
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Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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