BNP PARIBAS ASSET MANAGEMENT Holding S.A. Purchases 23,770 Shares of Jack in the Box Inc. (NASDAQ:JACK)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 21.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 137,073 shares of the restaurant operator’s stock after buying an additional 23,770 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Jack in the Box were worth $9,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in JACK. Headlands Technologies LLC bought a new stake in shares of Jack in the Box in the 1st quarter worth $97,000. Inspire Investing LLC boosted its position in Jack in the Box by 8.8% in the first quarter. Inspire Investing LLC now owns 5,796 shares of the restaurant operator’s stock worth $397,000 after purchasing an additional 471 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Jack in the Box by 2.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator’s stock valued at $779,000 after purchasing an additional 277 shares during the period. Duality Advisers LP purchased a new stake in shares of Jack in the Box during the 1st quarter valued at about $359,000. Finally, FORA Capital LLC bought a new position in shares of Jack in the Box in the 1st quarter worth approximately $582,000. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Down 1.2 %

Shares of NASDAQ:JACK traded down $0.67 during mid-day trading on Thursday, reaching $55.37. The stock had a trading volume of 72,718 shares, compared to its average volume of 486,815. The business’s 50 day moving average price is $52.62 and its 200 day moving average price is $64.22. Jack in the Box Inc. has a 1 year low of $46.10 and a 1 year high of $99.56. The company has a market cap of $1.07 billion, a P/E ratio of 9.87, a price-to-earnings-growth ratio of 0.77 and a beta of 1.91.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $365.40 million for the quarter, compared to the consensus estimate of $369.53 million. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The company’s revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.47 EPS. Analysts predict that Jack in the Box Inc. will post 6.31 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.76 annualized dividend and a yield of 3.18%. Jack in the Box’s dividend payout ratio (DPR) is currently 30.99%.

Wall Street Analysts Forecast Growth

JACK has been the subject of a number of research reports. Piper Sandler reduced their target price on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. TD Cowen restated a “hold” rating and issued a $59.00 price objective on shares of Jack in the Box in a research note on Thursday, June 13th. Loop Capital lowered their target price on Jack in the Box from $118.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Wedbush decreased their price objective on Jack in the Box from $78.00 to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 15th. Finally, Oppenheimer cut their price objective on Jack in the Box from $98.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $75.17.

Insiders Place Their Bets

In related news, CEO Darin S. Harris sold 598 shares of Jack in the Box stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total value of $30,880.72. Following the completion of the transaction, the chief executive officer now owns 90,887 shares in the company, valued at $4,693,404.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 800 shares of company stock valued at $41,514 in the last three months. Corporate insiders own 1.60% of the company’s stock.

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.