Jack in the Box Inc. (NASDAQ:JACK) is IPG Investment Advisors LLC’s 8th Largest Position

IPG Investment Advisors LLC boosted its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 59.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 440,619 shares of the restaurant operator’s stock after purchasing an additional 163,834 shares during the quarter. Jack in the Box makes up approximately 4.2% of IPG Investment Advisors LLC’s holdings, making the stock its 8th largest position. IPG Investment Advisors LLC’s holdings in Jack in the Box were worth $18,347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of JACK. GAMMA Investing LLC boosted its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 735 shares in the last quarter. KBC Group NV lifted its stake in Jack in the Box by 99.5% during the fourth 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 last quarter. PNC Financial Services Group Inc. boosted its holdings in Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 978 shares in the last quarter. R Squared Ltd purchased a new position in Jack in the Box in the fourth quarter valued at approximately $72,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Stock Down 4.2 %

Shares of Jack in the Box stock opened at $27.43 on Friday. The firm has a market cap of $517.27 million, a price-to-earnings ratio of -14.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95. Jack in the Box Inc. has a 52-week low of $27.32 and a 52-week high of $68.89. The company’s 50-day simple moving average is $36.55 and its 200-day simple moving average is $41.94.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.21. The company had revenue of $469.44 million for the quarter, compared to analysts’ expectations of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. Equities research analysts anticipate that Jack in the Box Inc. will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is currently -82.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JACK. Stifel Nicolaus lowered their target price on shares of Jack in the Box from $40.00 to $35.00 and set a “hold” rating for the company in a report on Monday, March 24th. Barclays reduced their price target on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Guggenheim reaffirmed a “buy” rating and set a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, UBS Group dropped their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.25.

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.