5,580 Shares in Jack in the Box Inc. (NASDAQ:JACK) Acquired by Paloma Partners Management Co

Paloma Partners Management Co bought a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK) in the 3rd quarter, HoldingsChannel reports. The firm bought 5,580 shares of the restaurant operator’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD grew its position in Jack in the Box by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock worth $1,090,000 after acquiring an additional 644 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Jack in the Box during the second quarter worth about $3,311,000. Nisa Investment Advisors LLC boosted its holdings in shares of Jack in the Box by 15,439.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,128 shares of the restaurant operator’s stock worth $261,000 after purchasing an additional 5,095 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Jack in the Box by 8.3% during the 2nd 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 last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after buying an additional 130,214 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Down 0.5 %

Shares of JACK opened at $47.97 on Friday. Jack in the Box Inc. has a 1-year low of $40.84 and a 1-year high of $86.20. The firm’s 50-day moving average price is $47.10 and its 200-day moving average price is $49.82. The firm has a market capitalization of $903.32 million, a price-to-earnings ratio of -24.60, a PEG ratio of 1.62 and a beta of 1.92.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 3.67%. Jack in the Box’s payout ratio is -90.26%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Oppenheimer reissued an “outperform” rating and set a $60.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. Loop Capital cut their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Bank of America lifted their price objective on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Guggenheim reduced their price target on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Finally, The Goldman Sachs Group lowered their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $60.38.

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.