US Bancorp DE Sells 1,257 Shares of Jack in the Box Inc. (NASDAQ:JACK)

US Bancorp DE lowered its position in shares of Jack in the Box Inc. (NASDAQ:JACK) by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,217 shares of the restaurant operator’s stock after selling 1,257 shares during the quarter. US Bancorp DE’s holdings in Jack in the Box were worth $522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new position in shares of Jack in the Box during the 3rd quarter worth approximately $41,000. Allspring Global Investments Holdings LLC increased its stake in shares of Jack in the Box by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after purchasing an additional 85,461 shares during the last quarter. Selway Asset Management purchased a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $228,000. Inspire Investing LLC increased its stake in shares of Jack in the Box by 26.8% during the 3rd quarter. Inspire Investing LLC now owns 9,695 shares of the restaurant operator’s stock worth $451,000 after purchasing an additional 2,048 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $185,000. Institutional investors own 99.79% of the company’s stock.

Insider Transactions at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of the company’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 transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Loop Capital decreased their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Piper Sandler decreased their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Wedbush decreased 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 research note on Wednesday, August 7th. Finally, Truist Financial reduced their price objective on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $64.06.

Jack in the Box Stock Performance

Jack in the Box stock opened at $47.45 on Tuesday. The stock has a market cap of $907.53 million, a P/E ratio of -23.84, a PEG ratio of 0.74 and a beta of 1.93. Jack in the Box Inc. has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The firm’s fifty day moving average price is $46.06 and its 200-day moving average price is $50.77.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a $0.44 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.76 annualized dividend and a dividend yield of 3.71%. Jack in the Box’s payout ratio is currently -88.44%.

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.