Emerald Advisers LLC Trims Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Emerald Advisers LLC cut its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 190,867 shares of the restaurant operator’s stock after selling 9,200 shares during the quarter. Emerald Advisers LLC owned approximately 1.01% of Jack in the Box worth $7,948,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JACK. Invenomic Capital Management LP purchased a new stake in shares of Jack in the Box in the 3rd quarter worth about $11,802,000. Raymond James Financial Inc. purchased a new stake in shares of Jack in the Box in the 4th quarter worth about $7,655,000. Barclays PLC grew its position in Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after purchasing an additional 89,649 shares during the last quarter. Point72 Asset Management L.P. grew its position in Jack in the Box by 191.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 88,000 shares of the restaurant operator’s stock valued at $4,096,000 after purchasing an additional 57,810 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Jack in the Box by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock valued at $18,170,000 after purchasing an additional 47,851 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

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 that occurred 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 sale, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Morgan Stanley cut their price objective on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Truist Financial cut their price objective on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Barclays cut their price objective on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus cut their price objective on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Finally, Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $50.00 to $40.00 in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $49.56.

Jack in the Box Stock Down 4.1 %

Shares of NASDAQ:JACK opened at $29.48 on Friday. The firm’s 50 day moving average price is $37.57 and its 200-day moving average price is $42.50. Jack in the Box Inc. has a twelve month low of $29.29 and a twelve month high of $70.81. The stock has a market capitalization of $555.93 million, a PE ratio of -15.12, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95.

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

Jack in the Box Dividend Announcement

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

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.