Jack in the Box Inc. (NASDAQ:JACK) Stock Holdings Increased by Aigen Investment Management LP

Aigen Investment Management LP increased its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 238.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 21,869 shares of the restaurant operator’s stock after buying an additional 15,409 shares during the quarter. Aigen Investment Management LP’s holdings in Jack in the Box were worth $1,018,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its stake in shares of Jack in the Box by 2.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator’s stock valued at $779,000 after buying an additional 277 shares during the period. The Manufacturers Life Insurance Company boosted its position in Jack in the Box by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 358 shares during the last quarter. EntryPoint Capital LLC grew its stake in Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 366 shares in the last quarter. Inspire Investing LLC increased its position in Jack in the Box by 8.8% in the 1st quarter. Inspire Investing LLC now owns 5,796 shares of the restaurant operator’s stock worth $397,000 after purchasing an additional 471 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Jack in the Box by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 503 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Stock Performance

Shares of JACK opened at $46.10 on Wednesday. The stock’s 50-day moving average price is $46.04 and its 200 day moving average price is $50.68. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.82%. Jack in the Box’s payout ratio is -88.44%.

Analysts Set New Price Targets

Several equities research analysts recently commented on JACK shares. Deutsche Bank Aktiengesellschaft lowered their price target on Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Loop Capital cut their price target on shares of 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. StockNews.com cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Truist Financial cut their target price on Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Wedbush decreased their price target on Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.06.

Insider Buying and Selling

In other news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Jack in the Box 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.