Headlands Technologies LLC Acquires 1,295 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Headlands Technologies LLC lifted its stake in Jack in the Box Inc. (NASDAQ:JACK) by 29.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,643 shares of the restaurant operator’s stock after buying an additional 1,295 shares during the period. Headlands Technologies LLC’s holdings in Jack in the Box were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in JACK. Charles Schwab Investment Management Inc. lifted its position in shares of 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 acquiring an additional 47,851 shares during the period. Raymond James Financial Inc. bought a new stake in Jack in the Box during the fourth quarter worth about $7,655,000. Barclays PLC grew its stake in Jack in the Box by 70.9% during the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after buying an additional 89,649 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Jack in the Box in the 4th quarter valued at about $666,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Jack in the Box by 3.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock valued at $30,244,000 after buying an additional 25,881 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Trading Down 5.4 %

NASDAQ JACK opened at $24.35 on Friday. Jack in the Box Inc. has a 12 month low of $23.21 and a 12 month high of $63.05. The firm has a market capitalization of $459.19 million, a PE ratio of -12.49, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. The business’s 50-day moving average price is $35.26 and its two-hundred day moving average price is $41.35.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. The business had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. As a group, analysts forecast 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. Investors of record on Thursday, March 20th will be issued a $0.44 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 7.23%. Jack in the Box’s payout ratio is -82.63%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays reduced their price target 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. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. Guggenheim reiterated a “buy” rating and issued a $55.00 target price on shares of Jack in the Box in a research report on Thursday, February 27th. Finally, Truist Financial dropped their target price on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.25.

About 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.