R Squared Ltd Makes New $72,000 Investment in Jack in the Box Inc. (NASDAQ:JACK)

R Squared Ltd purchased a new stake in Jack in the Box Inc. (NASDAQ:JACK) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,720 shares of the restaurant operator’s stock, valued at approximately $72,000.

Several other large investors also recently made changes to their positions in the stock. KBC Group NV boosted its stake 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 purchasing an additional 616 shares during the period. Inspire Investing LLC grew its holdings in shares of Jack in the Box by 10.2% during the fourth quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock worth $445,000 after buying an additional 993 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Jack in the Box by 53.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator’s stock valued at $578,000 after buying an additional 4,838 shares during the last quarter. SG Americas Securities LLC lifted its stake in Jack in the Box by 188.5% in the 4th quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock valued at $478,000 after acquiring an additional 7,504 shares in the last quarter. Finally, West Oak Capital LLC boosted its position in Jack in the Box by 30,452.9% during the 4th quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock worth $891,000 after acquiring an additional 21,317 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Stock Performance

JACK opened at $39.19 on Friday. The stock has a fifty day moving average of $42.33 and a 200-day moving average of $46.65. 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 market capitalization of $739.12 million, a P/E ratio of -20.10, a P/E/G ratio of 1.30 and a beta of 1.94.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.49%. Jack in the Box’s dividend payout ratio is presently -90.26%.

Insider Activity

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’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 owns 16,815 shares in the company, valued at $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last ninety days, insiders sold 2,343 shares of company stock worth $100,601. Corporate insiders own 1.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JACK shares. UBS Group cut their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Barclays increased their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. The Goldman Sachs Group lowered their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Northcoast Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $55.00 price target on shares of Jack in the Box in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Jack in the Box has an average rating of “Hold” and a consensus price target of $54.50.

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.