Jack in the Box Inc. (NASDAQ:JACK) Stock Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC grew its stake in shares of Jack in the Box Inc. (NASDAQ:JACKGet Rating) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,390 shares of the restaurant operator’s stock after buying an additional 266 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Jack in the Box were worth $1,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. US Asset Management LLC acquired a new position in shares of Jack in the Box during the 3rd quarter valued at $83,000. Dark Forest Capital Management LP raised its position in Jack in the Box by 677.2% in the third quarter. Dark Forest Capital Management LP now owns 956 shares of the restaurant operator’s stock worth $93,000 after acquiring an additional 833 shares in the last quarter. FourThought Financial LLC lifted its holdings in Jack in the Box by 23.5% in the 3rd quarter. FourThought Financial LLC now owns 1,820 shares of the restaurant operator’s stock valued at $177,000 after acquiring an additional 346 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at about $224,000. Finally, Inspire Investing LLC acquired a new position in shares of Jack in the Box in the 3rd quarter worth approximately $225,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

JACK opened at $85.77 on Friday. The company’s 50 day moving average is $88.44 and its 200-day moving average is $90.49. The company has a market cap of $1.80 billion, a P/E ratio of 12.28, a PEG ratio of 0.83 and a beta of 1.74. Jack in the Box Inc. has a 1-year low of $76.50 and a 1-year high of $124.53.

Jack in the Box (NASDAQ:JACKGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The restaurant operator reported $1.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.05. The company had revenue of $344.70 million for the quarter, compared to the consensus estimate of $345.88 million. Jack in the Box had a negative return on equity of 19.33% and a net margin of 13.41%. Jack in the Box’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $2.16 EPS. On average, equities analysts predict that Jack in the Box Inc. will post 6.54 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Stockholders of record on Wednesday, March 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, March 8th. Jack in the Box’s dividend payout ratio is currently 25.07%.

A number of equities research analysts have recently issued reports on JACK shares. Robert W. Baird boosted their target price on Jack in the Box from $84.00 to $92.00 in a research report on Thursday, February 24th. Citigroup started coverage on shares of Jack in the Box in a report on Tuesday, April 12th. They set a “neutral” rating and a $104.00 price target on the stock. Morgan Stanley lowered their price objective on shares of Jack in the Box from $105.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Friday, January 14th. StockNews.com assumed coverage on Jack in the Box in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Gordon Haskett downgraded Jack in the Box from a “buy” rating to a “hold” rating and set a $96.00 price target on the stock. in a report on Monday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and an average price target of $111.04.

In other news, Director Michael W. Murphy sold 859 shares of the business’s stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $83.11, for a total value of $71,391.49. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Timothy E. Mullany sold 593 shares of the stock in a transaction on Wednesday, February 2nd. The stock was sold at an average price of $91.10, for a total transaction of $54,022.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,779 shares of company stock valued at $155,269. 1.10% of the stock is owned by company insiders.

About Jack in the Box (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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