Dynamic Technology Lab Private Ltd Invests $1.14 Million in Jack in the Box Inc. (NASDAQ:JACK)

Dynamic Technology Lab Private Ltd acquired a new stake in Jack in the Box Inc. (NASDAQ:JACK) during the third quarter, according to its most recent filing with the SEC. The firm acquired 24,429 shares of the restaurant operator’s stock, valued at approximately $1,137,000.

Other institutional investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Jack in the Box in the 2nd quarter valued at approximately $3,311,000. Aigen Investment Management LP lifted its holdings in Jack in the Box by 238.5% in the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after acquiring an additional 15,409 shares during the period. Access Investment Management LLC purchased a new stake in shares of Jack in the Box during the 3rd quarter worth $1,475,000. Allspring Global Investments Holdings LLC grew its stake in shares of Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after purchasing an additional 130,214 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Jack in the Box by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after purchasing an additional 18,874 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack in the Box Stock Down 2.8 %

Shares of NASDAQ:JACK opened at $46.59 on Wednesday. The business has a fifty day simple moving average of $46.44 and a 200-day simple moving average of $50.11. Jack in the Box Inc. has a 52 week low of $40.84 and a 52 week high of $86.20. The company has a market cap of $877.29 million, a P/E ratio of -23.89, a P/E/G ratio of 1.34 and a beta of 1.93.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s dividend payout ratio is currently -90.26%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Guggenheim lowered their target price on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. UBS Group lowered their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Piper Sandler reduced their price objective on 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. Truist Financial lowered their target price on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, The Goldman Sachs Group decreased their price objective on shares of 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.38.

Insider Transactions at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction 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 transaction, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.60% of the company’s stock.

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.