SG Americas Securities LLC reduced its stake in Jack in the Box Inc. (NASDAQ:JACK) by 62.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,131 shares of the restaurant operator’s stock after selling 6,966 shares during the period. SG Americas Securities LLC’s holdings in Jack in the Box were worth $421,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Jack in the Box by 13.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 95,581 shares of the restaurant operator’s stock worth $9,741,000 after purchasing an additional 11,542 shares during the last quarter. Comerica Bank boosted its position in shares of Jack in the Box by 21.5% in the 3rd quarter. Comerica Bank now owns 111,255 shares of the restaurant operator’s stock worth $11,496,000 after purchasing an additional 19,703 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Jack in the Box by 10.1% in the 3rd quarter. Rhumbline Advisers now owns 77,173 shares of the restaurant operator’s stock worth $7,865,000 after purchasing an additional 7,072 shares during the last quarter. Sei Investments Co. boosted its position in shares of Jack in the Box by 43.5% in the 3rd quarter. Sei Investments Co. now owns 5,160 shares of the restaurant operator’s stock worth $525,000 after purchasing an additional 1,563 shares during the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Jack in the Box in the 3rd quarter worth $294,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

In other Jack in the Box news, VP Dean C. Gordon sold 278 shares of Jack in the Box stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the sale, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Phillip H. Rudolph sold 1,455 shares of Jack in the Box stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $148,730.10. Following the completion of the sale, the executive vice president now directly owns 92,048 shares in the company, valued at approximately $9,409,146.56. The disclosure for this sale can be found here. Insiders sold a total of 10,971 shares of company stock worth $1,121,715 in the last three months. Company insiders own 2.10% of the company’s stock.

Several research firms have recently issued reports on JACK. Wedbush lowered Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $115.00 to $104.00 in a research report on Monday, November 20th. Robert W. Baird restated a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research report on Tuesday, September 19th. Stifel Nicolaus started coverage on Jack in the Box in a research report on Monday, October 2nd. They issued a “hold” rating and a $105.00 price target on the stock. Telsey Advisory Group upgraded Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a report on Wednesday, October 4th. Finally, Jefferies Group reiterated a “buy” rating and set a $120.00 target price on shares of Jack in the Box in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $112.62.

Jack in the Box Inc. (JACK) opened at $102.49 on Thursday. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. The firm has a market capitalization of $3,020.00, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.85 and a beta of 0.51. Jack in the Box Inc. has a twelve month low of $90.89 and a twelve month high of $113.00.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The business had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business’s revenue was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 earnings per share. equities analysts predict that Jack in the Box Inc. will post 4.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, December 1st. Jack in the Box’s dividend payout ratio is 35.63%.

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Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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