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

Inspire Investing LLC raised its position in Jack in the Box Inc. (NASDAQ:JACK) by 10.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,688 shares of the restaurant operator’s stock after purchasing an additional 993 shares during the quarter. Inspire Investing LLC’s holdings in Jack in the Box were worth $445,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Jack in the Box by 53.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator’s stock worth $578,000 after purchasing an additional 4,838 shares during the period. SG Americas Securities LLC raised its holdings in shares of Jack in the Box by 188.5% during the 4th quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock valued at $478,000 after buying an additional 7,504 shares during the period. West Oak Capital LLC raised its holdings in shares of Jack in the Box by 30,452.9% during the 4th quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock valued at $891,000 after buying an additional 21,317 shares during the period. GAMMA Investing LLC raised its holdings in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 735 shares during the period. Finally, Barclays PLC raised its holdings in shares of 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 buying an additional 89,649 shares during the period. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 2,343 shares of company stock worth $100,601 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JACK has been the topic of several analyst reports. Barclays raised their target price on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Loop Capital dropped their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $55.00 target price on shares of Jack in the Box in a report on Thursday, January 16th. Piper Sandler dropped their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and an average target price of $56.88.

Jack in the Box Trading Up 1.0 %

Shares of JACK opened at $39.62 on Friday. 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. The stock has a 50 day moving average of $43.03 and a 200-day moving average of $46.97. Jack in the Box Inc. has a 52 week low of $36.36 and a 52 week high of $80.99.

Jack in the Box Announces Dividend

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

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.