Jack in the Box Inc. (NASDAQ:JACK) Stock Holdings Lowered by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Jack in the Box Inc. (NASDAQ:JACK) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 529,377 shares of the restaurant operator’s stock after selling 28,290 shares during the period. Victory Capital Management Inc. owned approximately 2.77% of Jack in the Box worth $24,637,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of JACK. Clearline Capital LP increased its stake in shares of Jack in the Box by 136.7% in the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after purchasing an additional 144,631 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Jack in the Box by 26.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after buying an additional 130,214 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Jack in the Box by 296.5% in the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after buying an additional 101,064 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in Jack in the Box in the 2nd quarter valued at approximately $3,311,000. Finally, Access Investment Management LLC bought a new stake in Jack in the Box during the 3rd quarter valued at $1,475,000. 99.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on JACK shares. Oppenheimer decreased their price target on Jack in the Box from $70.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday. Wedbush lowered their target price on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. TD Cowen reduced their price target on shares of Jack in the Box from $57.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, October 16th. Truist Financial lowered their price objective on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, UBS Group cut their target price on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $63.44.

Insider Transactions at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Jack in the Box Trading Down 3.6 %

Shares of JACK opened at $44.76 on Monday. The business’s 50-day moving average price is $46.00 and its 200 day moving average price is $50.44. The stock has a market capitalization of $856.26 million, a P/E ratio of -22.49, a P/E/G ratio of 0.70 and a beta of 1.93. Jack in the Box Inc. has a 1-year low of $40.84 and a 1-year high of $86.20.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s dividend payout ratio (DPR) is currently -88.44%.

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.