Geode Capital Management LLC Purchases 399 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Geode Capital Management LLC raised its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454,177 shares of the restaurant operator’s stock after buying an additional 399 shares during the quarter. Geode Capital Management LLC’s holdings in Jack in the Box were worth $21,142,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in JACK. Aigen Investment Management LP grew its holdings in shares of Jack in the Box by 238.5% in the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after purchasing an additional 15,409 shares in the last quarter. Barclays PLC lifted its position in Jack in the Box by 70.9% during the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after purchasing an additional 89,649 shares during the last quarter. Biglari Sardar grew its stake in shares of Jack in the Box by 14.2% in the 3rd quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock worth $4,501,000 after buying an additional 12,000 shares in the last quarter. Access Investment Management LLC bought a new stake in shares of Jack in the Box in the 3rd quarter worth about $1,475,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Jack in the Box by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock worth $12,505,000 after buying an additional 18,874 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on JACK. Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. UBS Group lowered their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. Loop Capital cut their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Wedbush lowered their price target on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. Finally, StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.88.

Jack in the Box Price Performance

Jack in the Box stock opened at $42.38 on Friday. The stock has a market cap of $798.02 million, a price-to-earnings ratio of -21.73, a price-to-earnings-growth ratio of 1.49 and a beta of 1.92. The firm has a 50-day moving average of $46.40 and a two-hundred day moving average of $48.60. Jack in the Box Inc. has a 1 year low of $38.12 and a 1 year high of $86.20.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.15%. Jack in the Box’s payout ratio is -90.26%.

Insider Buying and Selling

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction 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 sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold a total of 2,343 shares of company stock valued at $100,601 over the last quarter. 1.60% of the stock is owned by corporate insiders.

Jack in the Box 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.