Manning & Napier Advisors LLC Buys 19,382 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Manning & Napier Advisors LLC grew its stake in Jack in the Box Inc. (NASDAQ:JACK) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 104,382 shares of the restaurant operator’s stock after acquiring an additional 19,382 shares during the quarter. Manning & Napier Advisors LLC owned 0.55% of Jack in the Box worth $4,346,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of JACK. R Squared Ltd bought a new stake in Jack in the Box in the fourth quarter valued at approximately $72,000. KBC Group NV increased its position in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 616 shares in the last quarter. Inspire Investing LLC raised its stake in Jack in the Box by 10.2% during the 4th quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock worth $445,000 after buying an additional 993 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Jack in the Box by 53.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator’s stock worth $578,000 after acquiring an additional 4,838 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in Jack in the Box by 188.5% during the fourth quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock worth $478,000 after acquiring an additional 7,504 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction on Monday, December 23rd. The stock was 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. This represents a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 2,343 shares of company stock worth $100,601 over the last quarter. 1.60% of the stock is currently owned by insiders.

Jack in the Box Stock Down 0.3 %

Shares of Jack in the Box stock opened at $39.36 on Thursday. The stock has a market cap of $741.15 million, a P/E ratio of -20.18, a P/E/G ratio of 1.28 and a beta of 1.94. Jack in the Box Inc. has a 12-month low of $36.36 and a 12-month high of $80.62. The business’s 50 day moving average is $42.65 and its 200-day moving average is $46.78.

Jack in the Box Dividend Announcement

The company also recently declared 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. This represents a $1.76 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend was Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is currently -90.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Stifel Nicolaus cut their price target on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. TD Cowen reissued a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research report on Thursday, November 21st. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Finally, UBS Group reduced their target price on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $54.50.

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.