Blueshift Asset Management LLC Acquires Shares of 22,080 Jack in the Box Inc. (NASDAQ:JACK)

Blueshift Asset Management LLC purchased a new stake in Jack in the Box Inc. (NASDAQ:JACK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 22,080 shares of the restaurant operator’s stock, valued at approximately $1,028,000. Blueshift Asset Management LLC owned 0.12% of Jack in the Box at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale bought a new position in shares of Jack in the Box in the third quarter valued at about $41,000. SG Americas Securities LLC bought a new stake in shares of Jack in the Box in the third quarter valued at about $185,000. Selway Asset Management bought a new stake in shares of Jack in the Box in the third quarter valued at about $228,000. GSA Capital Partners LLP acquired a new position in shares of Jack in the Box in the third quarter valued at about $229,000. Finally, Intech Investment Management LLC bought a new position in Jack in the Box during the third quarter worth about $241,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Analysts Set New Price Targets

JACK has been the subject of several analyst reports. Loop Capital dropped 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. TD Cowen reaffirmed a “hold” rating and issued a $50.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. UBS Group decreased their target price on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Royal Bank of Canada dropped their target price on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Finally, Barclays increased their price target on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.38.

Jack in the Box Stock Down 2.8 %

JACK stock opened at $46.59 on Wednesday. Jack in the Box Inc. has a 52-week low of $40.84 and a 52-week high of $86.20. The company has a fifty day moving average price of $46.44 and a 200-day moving average price of $50.11.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio is currently -90.26%.

Insider Activity at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. The trade was a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

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.