Bridge City Capital LLC Acquires 1,564 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Bridge City Capital LLC boosted its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 3.3% in the 4th quarter, HoldingsChannel reports. 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’s holdings in Jack in the Box were worth $2,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of JACK. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 735 shares during the last quarter. KBC Group NV grew its holdings in Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 616 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 978 shares during the period. R Squared Ltd bought a new position in shares of Jack in the Box during the fourth quarter valued at about $72,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings 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 worth $100,000 after purchasing an additional 1,354 shares during the period. 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 business has a fifty day moving average price of $37.57 and a 200-day moving average price of $42.50. The company has a market capitalization of $555.93 million, a PE ratio of -15.12, a PEG ratio of 1.29 and a beta of 1.95. Jack in the Box Inc. has a 1-year low of $29.29 and a 1-year high of $70.81.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data 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 analyst estimates 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%. On average, sell-side analysts anticipate 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be given a $0.44 dividend. 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 dividend payout ratio (DPR) is presently -82.63%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Securities restated a “hold” rating and set a $42.00 price target on shares of Jack in the Box in a report on Wednesday, February 26th. Royal Bank of Canada reduced their target price on Jack in the Box from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Morgan Stanley dropped their price target on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Truist Financial cut their price target on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Barclays decreased their price objective on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.56.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.40% 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.