Jack in the Box Inc. (NASDAQ:JACK) Stock Position Reduced by Blueshift Asset Management LLC

Blueshift Asset Management LLC trimmed its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 53.8% during the fourth quarter, Holdings Channel reports. The firm owned 10,191 shares of the restaurant operator’s stock after selling 11,889 shares during the period. Blueshift Asset Management LLC’s holdings in Jack in the Box were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in JACK. Intech Investment Management LLC increased its position in shares of Jack in the Box by 69.5% during the 4th quarter. Intech Investment Management LLC now owns 8,797 shares of the restaurant operator’s stock valued at $366,000 after purchasing an additional 3,608 shares during the period. Amundi raised its holdings in shares of Jack in the Box by 141.0% during the fourth quarter. Amundi now owns 10,330 shares of the restaurant operator’s stock worth $394,000 after acquiring an additional 6,043 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Jack in the Box by 168.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 978 shares in the last quarter. Raymond James Financial Inc. bought a new position in Jack in the Box during the fourth quarter valued at about $7,655,000. Finally, Proficio Capital Partners LLC bought a new position in Jack in the Box during the fourth quarter valued at about $666,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Price Performance

Shares of JACK opened at $30.74 on Friday. The company has a market capitalization of $579.69 million, a P/E ratio of -15.76, a PEG ratio of 1.29 and a beta of 1.95. Jack in the Box Inc. has a one year low of $30.54 and a one year high of $71.26. The business’s 50 day simple moving average is $37.73 and its 200-day simple moving average is $42.67.

Jack in the Box (NASDAQ:JACK) last announced 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. The business had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. On average, sell-side analysts anticipate that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 5.73%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s payout ratio is currently -82.63%.

Insider Transactions 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 shares were sold at an average price of $40.52, for a total value 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 at the SEC website. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

JACK has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price objective 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. UBS Group dropped their price objective on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. TD Cowen reiterated a “hold” rating and issued a $50.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft decreased their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, Morgan Stanley decreased their target price on 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. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock 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.