Clearline Capital LP Has $12.76 Million Holdings in Jack in the Box Inc. (NASDAQ:JACK)

Clearline Capital LP grew its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 136.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 250,426 shares of the restaurant operator’s stock after purchasing an additional 144,631 shares during the quarter. Jack in the Box comprises approximately 0.4% of Clearline Capital LP’s investment portfolio, making the stock its 27th largest position. Clearline Capital LP’s holdings in Jack in the Box were worth $12,757,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in Jack in the Box by 16.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 5,144 shares of the restaurant operator’s stock worth $420,000 after buying an additional 721 shares during the last quarter. UBS Group AG grew its holdings in Jack in the Box by 678.4% in the fourth quarter. UBS Group AG now owns 105,203 shares of the restaurant operator’s stock worth $8,588,000 after purchasing an additional 91,688 shares during the period. Allianz Asset Management GmbH increased its position in Jack in the Box by 109.3% in the 4th quarter. Allianz Asset Management GmbH now owns 97,979 shares of the restaurant operator’s stock valued at $7,998,000 after buying an additional 51,166 shares in the last quarter. Blueshift Asset Management LLC increased its holdings in shares of Jack in the Box by 24.1% during the fourth quarter. Blueshift Asset Management LLC now owns 8,412 shares of the restaurant operator’s stock valued at $687,000 after acquiring an additional 1,633 shares in the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Jack in the Box during the 4th quarter valued at $11,424,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Trading Up 2.7 %

Shares of NASDAQ JACK opened at $45.41 on Friday. The stock has a fifty day simple moving average of $50.17 and a two-hundred day simple moving average of $54.70. Jack in the Box Inc. has a 1-year low of $40.84 and a 1-year high of $86.20. The firm has a market cap of $880.50 million, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 0.70 and a beta of 1.95.

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

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors 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 dividend yield of 3.88%. The ex-dividend date was Friday, August 30th. Jack in the Box’s payout ratio is currently 30.99%.

Analysts Set New Price Targets

Several analysts have recently commented on JACK shares. Piper Sandler lowered their price objective on Jack in the Box from $60.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada reduced their target price on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Bank of America lowered their target price on shares of Jack in the Box from $77.00 to $72.00 and set a “buy” rating for the company in a report on Monday, August 19th. StockNews.com cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, The Goldman Sachs Group began coverage on shares of Jack in the Box in a research note on Thursday, June 13th. They issued a “sell” rating and a $55.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.35.

Insider Buying and Selling

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 transaction of $33,867.36. Following the sale, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by insiders.

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.