Jack in the Box Inc. (NASDAQ:JACK) Shares Purchased by Biglari Sardar

Biglari Sardar raised its position in Jack in the Box Inc. (NASDAQ:JACK) by 14.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 96,717 shares of the restaurant operator’s stock after purchasing an additional 12,000 shares during the period. Jack in the Box comprises approximately 9.6% of Biglari Sardar’s portfolio, making the stock its 6th biggest holding. Biglari Sardar’s holdings in Jack in the Box were worth $4,501,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in Jack in the Box by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after buying an additional 358 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock valued at $255,000 after acquiring an additional 503 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Jack in the Box by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock worth $1,090,000 after purchasing an additional 644 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in Jack in the Box during the 3rd quarter worth about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in Jack in the Box by 172.3% in the 3rd 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. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Up 4.2 %

Shares of Jack in the Box stock opened at $48.85 on Monday. The company has a fifty day moving average price of $46.68 and a 200 day moving average price of $49.97. The stock has a market cap of $919.89 million, a price-to-earnings ratio of -25.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.93. Jack in the Box Inc. has a twelve month low of $40.84 and a twelve month high of $86.20.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Truist Financial decreased their price target on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Royal Bank of Canada cut their price target on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday. Piper Sandler lowered their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $60.38.

About Jack in the Box

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.