Polymer Capital Management US LLC Makes New Investment in Jack in the Box Inc. (NASDAQ:JACK)

Polymer Capital Management US LLC acquired a new stake in Jack in the Box Inc. (NASDAQ:JACK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,977 shares of the restaurant operator’s stock, valued at approximately $415,000. Polymer Capital Management US LLC owned 0.05% of Jack in the Box at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 442 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Jack in the Box by 229.7% during the 4th 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 period. KBC Group NV increased its stake in Jack in the Box by 99.5% during 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. PNC Financial Services Group Inc. boosted its holdings in Jack in the Box by 168.6% in the fourth 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 during the period. Finally, R Squared Ltd acquired a new stake in Jack in the Box in the fourth quarter valued at approximately $72,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Price Performance

JACK opened at $24.35 on Monday. The company has a 50 day simple moving average of $35.26 and a two-hundred day simple moving average of $41.32. The firm has a market cap of $459.19 million, a P/E ratio of -12.49, a PEG ratio of 1.29 and a beta of 1.81. Jack in the Box Inc. has a 1-year low of $23.21 and a 1-year high of $62.26.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm had revenue of $469.44 million for the quarter, compared to analysts’ expectations of $470.47 million. Equities analysts anticipate that Jack in the Box Inc. will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

The company 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 $0.44 dividend. 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 7.23%. Jack in the Box’s payout ratio is -82.63%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on JACK. Truist Financial cut their target price on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada reduced their price objective on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Guggenheim restated a “buy” rating and issued a $55.00 price target on shares of Jack in the Box in a research report on Thursday, February 27th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. Finally, Oppenheimer cut their price objective on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and a consensus price target of $49.25.

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.