West Oak Capital LLC Has $891,000 Position in Jack in the Box Inc. (NASDAQ:JACK)

West Oak Capital LLC raised its holdings in Jack in the Box Inc. (NASDAQ:JACK) by 30,452.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,387 shares of the restaurant operator’s stock after acquiring an additional 21,317 shares during the quarter. West Oak Capital LLC’s holdings in Jack in the Box were worth $891,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Jack in the Box by 13.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after purchasing an additional 85,461 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Jack in the Box by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock worth $18,081,000 after buying an additional 8,038 shares during the last quarter. Clearline Capital LP lifted its position in shares of Jack in the Box by 4.1% in the third quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock worth $12,134,000 after buying an additional 10,304 shares during the last quarter. Invenomic Capital Management LP bought a new stake in shares of Jack in the Box during the 3rd quarter worth about $11,802,000. Finally, Earnest Partners LLC increased its holdings in shares of Jack in the Box by 10.2% during the 2nd quarter. Earnest Partners LLC now owns 240,784 shares of the restaurant operator’s stock valued at $12,266,000 after acquiring an additional 22,226 shares during the last quarter. 99.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on JACK. The Goldman Sachs Group decreased their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, October 21st. Piper Sandler decreased their price objective on shares of 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. Loop Capital dropped their target price on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Royal Bank of Canada dropped their price objective on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $58.35.

Insider Activity at Jack in the Box

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 value of $68,397.76. Following the sale, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 company insiders.

Jack in the Box Trading Down 2.4 %

JACK stock traded down $0.93 during midday trading on Friday, hitting $37.20. The stock had a trading volume of 581,719 shares, compared to its average volume of 666,653. Jack in the Box Inc. has a 52 week low of $36.71 and a 52 week high of $81.01. The stock has a 50-day simple moving average of $45.04 and a 200 day simple moving average of $47.81. The firm has a market capitalization of $700.51 million, a price-to-earnings ratio of -19.08, a P/E/G ratio of 1.49 and a beta of 1.94.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.73%. Jack in the Box’s dividend payout ratio (DPR) is currently -90.26%.

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.