Inspire Investing LLC Grows Position in Jack in the Box Inc. (NASDAQ:JACK)

Inspire Investing LLC boosted its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,688 shares of the restaurant operator’s stock after acquiring an additional 993 shares during the quarter. Inspire Investing LLC owned about 0.06% of Jack in the Box worth $445,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box in the third quarter worth $41,000. GAMMA Investing LLC raised its position in Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 735 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares in the last quarter. SG Americas Securities LLC purchased a new position in Jack in the Box in the third quarter worth $185,000. Finally, MML Investors Services LLC raised its position in Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 819 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

JACK has been the subject of a number of research analyst reports. Oppenheimer dropped their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Truist Financial dropped their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Stifel Nicolaus dropped their price target on Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 10th. StockNews.com cut Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $55.00 price target on shares of Jack in the Box in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $56.88.

Jack in the Box Trading Up 1.0 %

Shares of NASDAQ:JACK opened at $39.62 on Friday. The stock’s 50-day moving average price is $43.03 and its two-hundred day moving average price is $46.97. Jack in the Box Inc. has a 12-month low of $36.36 and a 12-month high of $80.99. The firm has a market cap of $746.04 million, a price-to-earnings ratio of -20.32, a PEG ratio of 1.28 and a beta of 1.94.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date was Thursday, December 12th. Jack in the Box’s payout ratio is -90.26%.

Insiders Place Their Bets

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 2,343 shares of company stock valued at $100,601. 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.