Jack in the Box Inc. (NASDAQ:JACK) Shares Bought by West Oak Capital LLC

West Oak Capital LLC lifted its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 30,452.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,387 shares of the restaurant operator’s stock after buying an additional 21,317 shares during the quarter. West Oak Capital LLC owned approximately 0.11% of Jack in the Box worth $891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in shares of Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock worth $496,000 after acquiring an additional 358 shares in the last quarter. GAMMA Investing LLC lifted its stake in 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 worth $44,000 after purchasing an additional 735 shares during the last quarter. MML Investors Services LLC boosted its holdings in Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the third quarter valued at $41,000. Finally, Point72 Asia Singapore Pte. Ltd. raised 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 purchasing an additional 1,354 shares during the period. Institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on JACK. Loop Capital dropped their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group dropped their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Guggenheim reduced their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Piper Sandler dropped their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, Bank of America boosted their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $58.35.

Insider Activity

In other news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 2,343 shares of company stock worth $100,601 in the last 90 days. Company insiders own 1.60% of the company’s stock.

Jack in the Box Stock Down 2.4 %

Shares of JACK stock traded down $0.93 during trading hours on Friday, reaching $37.20. 581,719 shares of the stock traded hands, compared to its average volume of 666,653. The firm has a market capitalization of $700.51 million, a PE ratio of -19.08, a PEG ratio of 1.49 and a beta of 1.94. Jack in the Box Inc. has a 1-year low of $36.71 and a 1-year high of $81.01. The business has a fifty day moving average price of $45.04 and a 200 day moving average price of $47.81.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 4.73%. Jack in the Box’s payout ratio is presently -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.