XTX Topco Ltd Buys New Shares in Jack in the Box Inc. (NASDAQ:JACK)

XTX Topco Ltd bought a new stake in Jack in the Box Inc. (NASDAQ:JACK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,224 shares of the restaurant operator’s stock, valued at approximately $429,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Aigen Investment Management LP increased its position 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 acquiring an additional 15,409 shares during the last quarter. Biglari Sardar increased its position in shares of Jack in the Box by 14.2% in the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock valued at $4,501,000 after acquiring an additional 12,000 shares during the last quarter. Access Investment Management LLC acquired a new stake in shares of Jack in the Box in the third quarter valued at about $1,475,000. Allspring Global Investments Holdings LLC grew its holdings in Jack in the Box by 26.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after purchasing an additional 130,214 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Jack in the Box by 8.3% during the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock worth $12,505,000 after purchasing an additional 18,874 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JACK shares. Wedbush reduced their price target on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 18th. Piper Sandler reduced their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Bank of America boosted their price objective on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group reduced their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. Finally, Loop Capital reduced their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $59.88.

Jack in the Box Price Performance

Shares of JACK opened at $45.50 on Friday. Jack in the Box Inc. has a one year low of $40.84 and a one year high of $86.20. The company has a market cap of $856.81 million, a P/E ratio of -23.33, a P/E/G ratio of 1.59 and a beta of 1.92. The firm has a 50 day simple moving average of $47.26 and a two-hundred day simple moving average of $49.60.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 3.87%. Jack in the Box’s dividend payout ratio is currently -90.26%.

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.