Canada Pension Plan Investment Board Purchases New Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Canada Pension Plan Investment Board purchased a new stake in Jack in the Box Inc. (NASDAQ:JACK) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 10,000 shares of the restaurant operator’s stock, valued at approximately $509,000. Canada Pension Plan Investment Board owned approximately 0.05% of Jack in the Box at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC lifted its stake in Jack in the Box by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares in the last quarter. Headlands Technologies LLC purchased a new position in Jack in the Box in the 1st quarter worth approximately $97,000. PNC Financial Services Group Inc. lifted its stake in Jack in the Box by 9.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 179 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Jack in the Box by 11.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 503 shares in the last quarter. Finally, MQS Management LLC purchased a new position in Jack in the Box in the 1st quarter worth approximately $260,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Wedbush cut their price target on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group initiated coverage on shares of Jack in the Box in a report on Thursday, June 13th. They set a “sell” rating and a $55.00 price target for the company. StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, Oppenheimer cut their price target on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight 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 currently has an average rating of “Hold” and a consensus target price of $69.35.

Insiders Place Their Bets

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the business’s 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 completion of the transaction, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Jack in the Box Stock Performance

Jack in the Box stock opened at $45.41 on Friday. The firm has a 50 day moving average price of $50.17 and a 200 day moving average price of $54.82. The company has a market capitalization of $868.69 million, a PE ratio of 7.99, a price-to-earnings-growth ratio of 0.70 and a beta of 1.95. Jack in the Box Inc. has a fifty-two week low of $40.84 and a fifty-two week high of $86.20.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 EPS for the quarter, topping the consensus estimate of $1.51 by $0.14. The business had revenue of $369.17 million during the quarter, compared to the consensus estimate of $371.81 million. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. As a group, equities research analysts forecast that Jack in the Box Inc. will post 6.22 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a $0.44 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.76 annualized dividend and a dividend yield of 3.88%. Jack in the Box’s dividend payout ratio (DPR) is 30.99%.

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.