Stifel Financial Corp boosted its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 4.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 103,466 shares of the restaurant operator’s stock after purchasing an additional 4,317 shares during the quarter. Stifel Financial Corp owned about 0.35% of Jack in the Box worth $10,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. OxFORD Asset Management LLP grew its holdings in shares of Jack in the Box by 2,315.3% during the third quarter. OxFORD Asset Management LLP now owns 65,480 shares of the restaurant operator’s stock valued at $6,616,000 after buying an additional 62,769 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Jack in the Box by 3.0% during the third quarter. Schwab Charles Investment Management Inc. now owns 212,398 shares of the restaurant operator’s stock valued at $21,648,000 after buying an additional 6,120 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of Jack in the Box by 7.8% during the third quarter. Wells Fargo & Company MN now owns 238,487 shares of the restaurant operator’s stock valued at $24,308,000 after buying an additional 17,209 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Jack in the Box by 173.0% during the third quarter. JPMorgan Chase & Co. now owns 135,247 shares of the restaurant operator’s stock valued at $13,666,000 after buying an additional 85,708 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Jack in the Box by 14.7% during the third quarter. Legal & General Group Plc now owns 28,308 shares of the restaurant operator’s stock valued at $2,887,000 after buying an additional 3,623 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Shares of Jack in the Box Inc. (JACK) opened at $103.03 on Tuesday. Jack in the Box Inc. has a fifty-two week low of $90.89 and a fifty-two week high of $113.27. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. The stock has a market cap of $3,077.86, a P/E ratio of 26.95, a P/E/G ratio of 1.88 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The company had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. During the same quarter in the prior year, the business posted $1.03 EPS. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. analysts expect that Jack in the Box Inc. will post 4.49 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Friday, December 1st. Jack in the Box’s dividend payout ratio is currently 36.36%.

In other Jack in the Box news, insider Keith M. Guilbault sold 525 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $53,665.50. Following the transaction, the insider now directly owns 17,110 shares in the company, valued at $1,748,984.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frances L. Allen sold 530 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total transaction of $54,436.30. Following the completion of the transaction, the insider now owns 10,979 shares in the company, valued at $1,127,653.09. The disclosure for this sale can be found here. Insiders sold 10,971 shares of company stock worth $1,121,715 in the last 90 days. 2.10% of the stock is currently owned by corporate insiders.

JACK has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Oppenheimer reiterated a “buy” rating and set a $125.00 price target on shares of Jack in the Box in a report on Monday, November 20th. Jefferies Group reiterated a “buy” rating and set a $120.00 price target on shares of Jack in the Box in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price target for the company from $115.00 to $104.00 in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. Jack in the Box has a consensus rating of “Buy” and a consensus price target of $112.62.

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About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

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

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