Chartwell Investment Partners LLC lowered its position in shares of Jack in the Box Inc. (NASDAQ:JACK - Free Report) by 9.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,428 shares of the restaurant operator's stock after selling 18,886 shares during the period. Chartwell Investment Partners LLC owned approximately 0.95% of Jack in the Box worth $8,491,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its stake in Jack in the Box by 261.5% during the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator's stock valued at $28,408,000 after purchasing an additional 403,423 shares during the last quarter. Clearline Capital LP boosted its position in shares of Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator's stock valued at $12,757,000 after buying an additional 144,631 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Jack in the Box by 26.2% in 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 in the last quarter. Squarepoint Ops LLC raised its position in Jack in the Box by 296.5% in the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator's stock worth $6,884,000 after buying an additional 101,064 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Jack in the Box during the 2nd quarter valued at about $3,311,000. Institutional investors own 99.79% of the company's stock.
In related news, CFO Brian M. Scott sold 696 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by insiders.
NASDAQ JACK opened at $47.33 on Monday. The stock has a market cap of $905.23 million, a price-to-earnings ratio of -23.78, a PEG ratio of 0.74 and a beta of 1.93. Jack in the Box Inc. has a 12 month low of $40.84 and a 12 month high of $86.20. The company's 50 day moving average is $46.10 and its two-hundred day moving average is $50.84.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date was Friday, August 30th. Jack in the Box's dividend payout ratio (DPR) is -88.44%.
A number of analysts have recently issued reports on JACK shares. Bank of America raised their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Loop Capital dropped their target price 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. Morgan Stanley decreased their target price on shares of Jack in the Box from $70.00 to $60.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 16th. Piper Sandler lowered their price target on Jack in the Box from $56.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Finally, Barclays cut their price objective on Jack in the Box from $57.00 to $46.00 and set an "equal weight" rating for the company in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $64.06.
View Our Latest Report on Jack in the Box
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.
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