Phocas Financial Corp. Trims Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Phocas Financial Corp. cut its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 85.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,361 shares of the restaurant operator’s stock after selling 58,843 shares during the quarter. Phocas Financial Corp. owned approximately 0.05% of Jack in the Box worth $431,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. KBC Group NV grew its position in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after buying an additional 616 shares during the period. GAMMA Investing LLC boosted its stake in Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 735 shares in the last quarter. MML Investors Services LLC boosted its stake in Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Jack in the Box in the 3rd quarter worth about $41,000. Finally, Inspire Investing LLC boosted its stake in Jack in the Box by 10.2% in the 4th quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock worth $445,000 after purchasing an additional 993 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on JACK. Morgan Stanley dropped their price target on shares of 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. Truist Financial dropped their price target on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays dropped their price target on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Piper Sandler dropped their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Guggenheim dropped their price target on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.88.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,190 shares of company stock valued at $92,961 in the last three months. 1.40% of the stock is currently owned by corporate insiders.

Jack in the Box Stock Up 11.8 %

Shares of NASDAQ:JACK opened at $37.94 on Thursday. The firm’s 50 day moving average price is $39.55 and its 200-day moving average price is $44.56. The stock has a market capitalization of $715.40 million, a PE ratio of -19.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. Jack in the Box Inc. has a twelve month low of $32.69 and a twelve month high of $76.56.

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 during the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. Analysts expect that Jack in the Box Inc. will post 5.33 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders 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 4.64%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is currently -90.26%.

Jack in the Box Company 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.