Invenomic Capital Management LP Buys New Shares in Jack in the Box Inc. (NASDAQ:JACK)

Invenomic Capital Management LP bought a new stake in Jack in the Box Inc. (NASDAQ:JACKGet Rating) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 107,883 shares of the restaurant operator’s stock, valued at approximately $9,437,000. Jack in the Box makes up about 2.0% of Invenomic Capital Management LP’s investment portfolio, making the stock its 10th largest holding. Invenomic Capital Management LP owned about 0.51% of Jack in the Box as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in Jack in the Box by 17.9% in the fourth quarter. Lazard Asset Management LLC now owns 743 shares of the restaurant operator’s stock valued at $64,000 after acquiring an additional 113 shares during the last quarter. Gladius Capital Management LP acquired a new stake in Jack in the Box in the fourth quarter valued at $73,000. Dark Forest Capital Management LP lifted its stake in Jack in the Box by 677.2% in the third quarter. Dark Forest Capital Management LP now owns 956 shares of the restaurant operator’s stock valued at $93,000 after acquiring an additional 833 shares during the last quarter. FourThought Financial LLC lifted its stake in shares of Jack in the Box by 23.5% during the 3rd quarter. FourThought Financial LLC now owns 1,820 shares of the restaurant operator’s stock worth $177,000 after buying an additional 346 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of Jack in the Box during the 3rd quarter worth about $224,000. Hedge funds and other institutional investors own 99.09% of the company’s stock.

JACK has been the subject of a number of research reports. Gordon Haskett cut shares of Jack in the Box from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research note on Monday, February 28th. UBS Group cut their target price on shares of Jack in the Box from $93.00 to $85.00 and set a “na” rating for the company in a research note on Wednesday. Citigroup initiated coverage on shares of Jack in the Box in a research note on Tuesday, April 12th. They set a “neutral” rating and a $104.00 target price for the company. Robert W. Baird raised their target price on shares of Jack in the Box from $84.00 to $92.00 in a research note on Thursday, February 24th. Finally, StockNews.com assumed coverage on shares of Jack in the Box in a research note on Thursday, March 31st. They set a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Jack in the Box has an average rating of “Hold” and a consensus price target of $108.72.

JACK stock traded down $1.85 during mid-day trading on Friday, hitting $71.18. The stock had a trading volume of 380,169 shares, compared to its average volume of 405,758. Jack in the Box Inc. has a 52 week low of $69.65 and a 52 week high of $122.70. The firm has a market capitalization of $1.50 billion, a P/E ratio of 10.14, a P/E/G ratio of 0.65 and a beta of 1.70. The firm has a fifty day simple moving average of $86.23 and a 200 day simple moving average of $87.87.

Jack in the Box (NASDAQ:JACKGet Rating) last released its earnings results on Wednesday, February 23rd. The restaurant operator reported $1.97 EPS for the quarter, beating the consensus estimate of $1.92 by $0.05. Jack in the Box had a net margin of 13.41% and a negative return on equity of 19.33%. The firm had revenue of $344.70 million for the quarter, compared to analyst estimates of $345.88 million. During the same period last year, the firm earned $2.16 EPS. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, analysts anticipate that Jack in the Box Inc. will post 6.58 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Wednesday, March 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend was Tuesday, March 8th. Jack in the Box’s dividend payout ratio (DPR) is presently 25.07%.

In related news, Director Michael W. Murphy sold 859 shares of Jack in the Box stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $83.11, for a total transaction of $71,391.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

Jack in the Box Profile (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Institutional Ownership by Quarter for Jack in the Box (NASDAQ:JACK)

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