American International Group Inc. trimmed its position in Jack in the Box Inc. (NASDAQ:JACK) by 3.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 72,954 shares of the restaurant operator’s stock after selling 2,948 shares during the period. American International Group Inc.’s holdings in Jack in the Box were worth $6,116,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Signition LP purchased a new stake in shares of Jack in the Box in the third quarter worth $205,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Jack in the Box in the second quarter worth $242,000. Stevens Capital Management LP purchased a new stake in shares of Jack in the Box in the second quarter worth $284,000. First Trust Advisors LP grew its stake in shares of Jack in the Box by 27.7% in the second quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock worth $303,000 after acquiring an additional 772 shares during the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Jack in the Box in the second quarter worth $406,000.

Jack in the Box stock opened at $86.46 on Thursday. Jack in the Box Inc. has a one year low of $75.09 and a one year high of $108.55. The firm has a market cap of $2.28 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.72 and a beta of 0.49.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). Jack in the Box had a net margin of 13.96% and a negative return on equity of 23.22%. The business had revenue of $177.47 million for the quarter, compared to analysts’ expectations of $175.26 million. During the same period last year, the business earned $0.73 earnings per share. The company’s quarterly revenue was down 23.5% on a year-over-year basis. As a group, research analysts predict that Jack in the Box Inc. will post 4.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Wednesday, December 5th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. Jack in the Box’s dividend payout ratio (DPR) is presently 42.22%.

In related news, Director David Goebel sold 1,849 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $83.58, for a total transaction of $154,539.42. Following the sale, the director now directly owns 18,396 shares of the company’s stock, valued at $1,537,537.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Leonard A. Comma sold 11,528 shares of the stock in a transaction on Friday, November 30th. The shares were sold at an average price of $87.66, for a total value of $1,010,544.48. Following the sale, the chief executive officer now directly owns 196,397 shares in the company, valued at $17,216,161.02. The disclosure for this sale can be found here. Insiders have sold 15,454 shares of company stock worth $1,347,154 over the last ninety days. 2.60% of the stock is currently owned by insiders.

A number of research firms have recently commented on JACK. Cowen reissued a “hold” rating and issued a $81.00 target price on shares of Jack in the Box in a research note on Friday, November 30th. Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Monday, November 26th. Jefferies Financial Group reissued a “hold” rating and issued a $95.00 target price on shares of Jack in the Box in a research note on Thursday, November 22nd. Stifel Nicolaus reissued a “hold” rating on shares of Jack in the Box in a research note on Wednesday, November 21st. Finally, BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Jack in the Box presently has a consensus rating of “Hold” and a consensus price target of $94.09.

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Jack in the Box Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United 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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