Bridge City Capital LLC Increases Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Bridge City Capital LLC boosted its stake in Jack in the Box Inc. (NASDAQ:JACK) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 49,417 shares of the restaurant operator’s stock after buying an additional 1,564 shares during the quarter. Bridge City Capital LLC owned approximately 0.26% of Jack in the Box worth $2,058,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares in the last quarter. KBC Group NV lifted its position in shares of Jack in the Box by 99.5% during the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after buying an additional 616 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Jack in the Box by 168.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock worth $65,000 after buying an additional 978 shares during the last quarter. R Squared Ltd bought a new position in shares of Jack in the Box in the fourth quarter valued at approximately $72,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

Jack in the Box Price Performance

Shares of NASDAQ:JACK opened at $29.48 on Friday. The firm has a fifty day moving average price of $37.57 and a two-hundred day moving average price of $42.50. The company has a market cap of $555.93 million, a price-to-earnings ratio of -15.12, a PEG ratio of 1.29 and a beta of 1.95. Jack in the Box Inc. has a one year low of $29.29 and a one year high of $70.81.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. Equities research analysts expect that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 5.97%. Jack in the Box’s payout ratio is presently -82.63%.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $50.00 to $40.00 in a research note on Friday, February 21st. Stifel Nicolaus decreased their price objective on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 10th. Oppenheimer dropped their target price on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Barclays decreased their price target on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $55.00 price objective on shares of Jack in the Box in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.56.

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.