FORA Capital LLC Has $691,000 Holdings in Jack in the Box Inc. (NASDAQ:JACK)

FORA Capital LLC boosted its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 87.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,846 shares of the restaurant operator’s stock after buying an additional 6,925 shares during the period. FORA Capital LLC owned approximately 0.08% of Jack in the Box worth $691,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC increased its position in shares of Jack in the Box by 13.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after acquiring an additional 85,461 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after acquiring an additional 403,423 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jack in the Box by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock worth $18,081,000 after purchasing an additional 8,038 shares during the period. Clearline Capital LP increased its stake in shares of Jack in the Box by 136.7% in the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock worth $12,757,000 after purchasing an additional 144,631 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Jack in the Box by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after purchasing an additional 18,874 shares during the period. 99.79% of the stock is owned by institutional investors.

Jack in the Box Price Performance

Shares of NASDAQ:JACK opened at $46.87 on Friday. Jack in the Box Inc. has a 1 year low of $40.84 and a 1 year high of $86.20. The stock’s 50-day moving average is $46.55 and its 200 day moving average is $50.04. The company has a market cap of $882.61 million, a PE ratio of -24.04, a P/E/G ratio of 1.57 and a beta of 1.93.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s payout ratio is -90.26%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Guggenheim dropped their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. Truist Financial decreased their target price on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. The Goldman Sachs Group decreased 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 note on Monday, October 21st. Finally, UBS Group dropped their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.38.

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.