Polymer Capital Management US LLC Makes New $415,000 Investment in Jack in the Box Inc. (NASDAQ:JACK)

Polymer Capital Management US LLC bought a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 9,977 shares of the restaurant operator’s stock, valued at approximately $415,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position in Jack in the Box by 3.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock worth $30,244,000 after purchasing an additional 25,881 shares during the period. IPG Investment Advisors LLC increased its position in Jack in the Box by 59.2% in the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock valued at $18,347,000 after acquiring an additional 163,834 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Jack in the Box by 12.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock worth $18,170,000 after buying an additional 47,851 shares in the last quarter. Barclays PLC lifted its holdings in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after buying an additional 89,649 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in Jack in the Box by 178.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator’s stock worth $8,192,000 after buying an additional 126,101 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box Trading Down 5.4 %

Shares of JACK stock opened at $24.35 on Monday. Jack in the Box Inc. has a twelve month low of $23.21 and a twelve month high of $62.26. The stock has a fifty day simple moving average of $35.26 and a two-hundred day simple moving average of $41.32. The stock has a market capitalization of $459.19 million, a price-to-earnings ratio of -12.49, a P/E/G ratio of 1.29 and a beta of 1.81.

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

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 7.23%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is presently -82.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JACK shares. Guggenheim restated a “buy” rating and issued a $55.00 target price on shares of Jack in the Box in a research note on Thursday, February 27th. TD Securities reiterated a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a research report on Wednesday, February 26th. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Morgan Stanley cut their price target on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Barclays lowered their target price 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 note on Wednesday, February 26th. One equities research 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’s stock. Based on data from MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and an average price target 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.