IPG Investment Advisors LLC Buys 163,834 Shares of Jack in the Box Inc. (NASDAQ:JACK)

IPG Investment Advisors LLC increased its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 59.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 440,619 shares of the restaurant operator’s stock after purchasing an additional 163,834 shares during the period. Jack in the Box accounts for approximately 4.2% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 8th biggest position. IPG Investment Advisors LLC owned approximately 2.34% of Jack in the Box worth $18,347,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 735 shares during the last quarter. KBC Group NV raised its stake in 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 valued at $51,000 after purchasing an additional 616 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Jack in the Box by 168.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 978 shares in the last quarter. R Squared Ltd acquired a new stake in Jack in the Box during the 4th quarter worth $72,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after buying an additional 1,354 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Stock Down 4.2 %

NASDAQ:JACK opened at $27.43 on Friday. Jack in the Box Inc. has a 52 week low of $27.32 and a 52 week high of $68.89. The stock’s fifty day moving average is $36.55 and its two-hundred day moving average is $41.94. The stock has a market capitalization of $517.27 million, a price-to-earnings ratio of -14.07, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last posted 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 firm had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. On average, sell-side analysts expect that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 6.42%. Jack in the Box’s dividend payout ratio (DPR) is presently -82.63%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. TD Securities restated a “hold” rating and set a $42.00 price target on shares of Jack in the Box in a research report on Wednesday, February 26th. Guggenheim restated a “buy” rating and set a $55.00 target price on shares of Jack in the Box in a report on Thursday, February 27th. Truist Financial cut their price target on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $50.00 to $40.00 in a report on Friday, February 21st. Finally, Oppenheimer cut their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.25.

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.