Jack in the Box Inc. (NASDAQ:JACK) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP increased its stake in Jack in the Box Inc. (NASDAQ:JACK) by 238.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,869 shares of the restaurant operator’s stock after buying an additional 15,409 shares during the period. Aigen Investment Management LP owned about 0.11% of Jack in the Box worth $1,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in Jack in the Box by 261.5% during the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after purchasing an additional 403,423 shares during the last quarter. Clearline Capital LP boosted its holdings in shares of Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after acquiring an additional 144,631 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jack in the Box by 26.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after acquiring an additional 130,214 shares during the period. Squarepoint Ops LLC grew its position in shares of Jack in the Box by 296.5% during the second quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after acquiring an additional 101,064 shares during the last quarter. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Jack in the Box in the 2nd quarter worth about $3,311,000. Institutional investors own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on JACK shares. TD Cowen decreased their target price on shares of Jack in the Box from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. Morgan Stanley decreased their price objective on Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Deutsche Bank Aktiengesellschaft cut their target price on Jack in the Box from $59.00 to $56.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Wedbush decreased their price target on Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Jack in the Box in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $64.06.

Jack in the Box Stock Down 2.8 %

Shares of Jack in the Box stock opened at $46.10 on Wednesday. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20. The stock’s fifty day moving average is $46.04 and its 200-day moving average is $50.68.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s dividend payout ratio is presently -88.44%.

Insiders Place Their Bets

In related news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

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.