IPG Investment Advisors LLC Buys Shares of 32,180 Jack in the Box Inc. (NASDAQ:JACK)

IPG Investment Advisors LLC bought a new stake in shares of Jack in the Box Inc. (NASDAQ:JACKFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 32,180 shares of the restaurant operator’s stock, valued at approximately $2,222,000. IPG Investment Advisors LLC owned approximately 0.16% of Jack in the Box at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JACK. Coldstream Capital Management Inc. bought a new position in shares of Jack in the Box during the second quarter valued at approximately $202,000. LSV Asset Management raised its holdings in shares of Jack in the Box by 143.7% in the third quarter. LSV Asset Management now owns 571,393 shares of the restaurant operator’s stock worth $39,460,000 after buying an additional 336,899 shares during the last quarter. Marshall Wace LLP raised its holdings in shares of Jack in the Box by 184.6% in the second quarter. Marshall Wace LLP now owns 341,193 shares of the restaurant operator’s stock worth $33,277,000 after buying an additional 221,300 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Jack in the Box by 12.5% during the third quarter. Victory Capital Management Inc. now owns 132,402 shares of the restaurant operator’s stock worth $9,144,000 after purchasing an additional 14,701 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of Jack in the Box during the third quarter worth $824,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, SVP Sarah L. Super sold 419 shares of Jack in the Box stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $81.56, for a total value of $34,173.64. Following the completion of the sale, the senior vice president now directly owns 10,889 shares of the company’s stock, valued at $888,106.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Darin S. Harris sold 8,201 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $68.01, for a total transaction of $557,750.01. Following the completion of the transaction, the chief executive officer now directly owns 71,340 shares of the company’s stock, valued at approximately $4,851,833.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sarah L. Super sold 419 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $81.56, for a total value of $34,173.64. Following the transaction, the senior vice president now directly owns 10,889 shares of the company’s stock, valued at $888,106.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,176 shares of company stock valued at $1,502,063. 1.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JACK. Truist Financial boosted their price objective on Jack in the Box from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Oppenheimer upped their price target on shares of Jack in the Box from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Barclays lowered their price objective on Jack in the Box from $91.00 to $86.00 and set an “equal weight” rating on the stock in a report on Thursday, January 25th. UBS Group decreased their target price on Jack in the Box from $80.00 to $77.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 22nd. Finally, Morgan Stanley decreased their target price on Jack in the Box from $80.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven 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 target price of $87.37.

View Our Latest Report on Jack in the Box

Jack in the Box Stock Up 1.7 %

NASDAQ:JACK traded up $1.34 on Monday, reaching $78.61. The company’s stock had a trading volume of 62,118 shares, compared to its average volume of 351,646. Jack in the Box Inc. has a 12-month low of $60.43 and a 12-month high of $99.56. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 12.27, a price-to-earnings-growth ratio of 1.00 and a beta of 1.80. The stock has a 50 day moving average price of $79.57 and a 200 day moving average price of $75.88.

Jack in the Box (NASDAQ:JACKGet Free Report) last posted its earnings results on Tuesday, November 21st. The restaurant operator reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). Jack in the Box had a net margin of 7.73% and a negative return on equity of 17.71%. The business had revenue of $372.50 million during the quarter, compared to analysts’ expectations of $372.48 million. During the same quarter in the prior year, the firm earned $1.33 EPS. Jack in the Box’s revenue for the quarter was down 7.5% compared to the same quarter last year. Equities research analysts expect that Jack in the Box Inc. will post 6.39 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were paid a $0.44 dividend. The ex-dividend date of this dividend was Wednesday, December 13th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.24%. Jack in the Box’s payout ratio is presently 27.94%.

About Jack in the Box

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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