GAMMA Investing LLC Has $44,000 Stake in Jack in the Box Inc. (NASDAQ:JACK)

GAMMA Investing LLC lifted its position in Jack in the Box Inc. (NASDAQ:JACK) by 229.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,055 shares of the restaurant operator’s stock after purchasing an additional 735 shares during the quarter. GAMMA Investing LLC’s holdings in Jack in the Box were worth $44,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of JACK. Envestnet Asset Management Inc. raised its stake in shares of Jack in the Box by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 98,975 shares of the restaurant operator’s stock valued at $5,042,000 after purchasing an additional 6,064 shares in the last quarter. Inspire Investing LLC raised its stake in Jack in the Box by 31.9% during the second 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. Canada Pension Plan Investment Board acquired a new position in Jack in the Box during the second quarter worth $509,000. Sei Investments Co. raised its stake in Jack in the Box by 46.6% during the second quarter. Sei Investments Co. now owns 13,414 shares of the restaurant operator’s stock worth $683,000 after acquiring an additional 4,266 shares in the last quarter. Finally, Ensign Peak Advisors Inc raised its stake in Jack in the Box by 70.2% during the second quarter. Ensign Peak Advisors Inc now owns 23,648 shares of the restaurant operator’s stock worth $1,205,000 after acquiring an additional 9,750 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada dropped their price objective on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Wedbush dropped their price objective on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 18th. Piper Sandler dropped their price objective on 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. Loop Capital decreased their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.35.

Jack in the Box Trading Up 2.9 %

Shares of JACK opened at $38.28 on Tuesday. Jack in the Box Inc. has a 1 year low of $36.36 and a 1 year high of $81.01. The stock has a market cap of $720.85 million, a P/E ratio of -19.63, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94. The stock’s 50-day moving average price is $44.54 and its two-hundred day moving average price is $47.58.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend was Thursday, December 12th. Jack in the Box’s dividend payout ratio is currently -90.26%.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 2,343 shares of company stock valued at $100,601 over the last 90 days. 1.60% of the stock is owned by company 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.