Stifel Financial Corp Has $3.80 Million Stock Position in Jack in the Box Inc. (NASDAQ:JACK)

Stifel Financial Corp lifted its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 111.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 81,691 shares of the restaurant operator’s stock after purchasing an additional 43,086 shares during the period. Stifel Financial Corp owned 0.43% of Jack in the Box worth $3,802,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock worth $496,000 after purchasing an additional 358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock valued at $255,000 after buying an additional 503 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the third quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. grew its holdings in Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares during the period. Finally, Inspire Investing LLC raised its position in shares of Jack in the Box by 31.9% in the 2nd quarter. Inspire Investing LLC now owns 7,647 shares of the restaurant operator’s stock worth $390,000 after acquiring an additional 1,851 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Analysts Set New Price Targets

JACK has been the subject of several recent analyst reports. StockNews.com cut Jack in the Box from a “hold” rating to a “sell” rating in a research note on Saturday, December 7th. Guggenheim reduced their price objective on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Loop Capital dropped their target price on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Truist Financial cut their target price on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Stifel Nicolaus decreased their price target on shares of Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $59.88.

Jack in the Box Price Performance

NASDAQ JACK opened at $43.21 on Tuesday. The company has a fifty day moving average price of $47.25 and a 200-day moving average price of $49.51. 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 $813.69 million, a price-to-earnings ratio of -22.16, a PEG ratio of 1.59 and a beta of 1.92.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 4.07%. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

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.