Manning & Napier Advisors LLC Has $4.35 Million Stock Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Manning & Napier Advisors LLC lifted its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 22.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 104,382 shares of the restaurant operator’s stock after buying an additional 19,382 shares during the period. Manning & Napier Advisors LLC’s holdings in Jack in the Box were worth $4,346,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box during the third quarter worth about $41,000. GAMMA Investing LLC lifted 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 worth $44,000 after acquiring an additional 735 shares during the period. KBC Group NV boosted its position in shares of Jack in the Box by 99.5% during 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 in the last quarter. R Squared Ltd bought a new position in Jack in the Box in the fourth quarter valued at approximately $72,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in 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 valued at $100,000 after purchasing an additional 1,354 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $55.00 price target on shares of Jack in the Box in a research note on Thursday, January 16th. Wedbush decreased their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. The Goldman Sachs Group reduced their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, Piper Sandler decreased their target price on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $54.50.

Insider Activity at Jack in the Box

In other 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 completion of the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 2,343 shares of company stock worth $100,601 over the last quarter. Company insiders own 1.60% of the company’s stock.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $39.36 on Thursday. The company has a market capitalization of $741.15 million, a PE ratio of -20.18, a P/E/G ratio of 1.28 and a beta of 1.94. Jack in the Box Inc. has a fifty-two week low of $36.36 and a fifty-two week high of $80.62. The company has a 50 day simple moving average of $42.65 and a two-hundred day simple moving average of $46.78.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.47%. The ex-dividend date was Thursday, December 12th. Jack in the Box’s dividend payout ratio is presently -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.