Emerald Mutual Fund Advisers Trust Sells 8,479 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Emerald Mutual Fund Advisers Trust lessened its stake in shares of Jack in the Box Inc. (NASDAQ:JACK) by 5.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 149,297 shares of the restaurant operator’s stock after selling 8,479 shares during the period. Emerald Mutual Fund Advisers Trust owned 0.77% of Jack in the Box worth $6,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JACK. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box during the third quarter valued at about $41,000. EntryPoint Capital LLC raised its stake in Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares during the period. Headlands Technologies LLC bought a new position in Jack in the Box in the first quarter worth approximately $97,000. SG Americas Securities LLC acquired a new stake in Jack in the Box in the third quarter valued at approximately $185,000. Finally, Selway Asset Management bought a new stake in shares of Jack in the Box during the third quarter valued at approximately $228,000. 99.79% of the stock is owned by institutional investors.

Jack in the Box Stock Performance

JACK opened at $50.37 on Friday. 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 has a 50-day moving average of $46.16 and a 200 day moving average of $51.29. The firm has a market cap of $963.38 million, a P/E ratio of -25.31, a PEG ratio of 0.71 and a beta of 1.93.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.14. The firm 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 revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 EPS. Equities research analysts predict that Jack in the Box Inc. will post 6.19 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were given a dividend of $0.44 per share. The ex-dividend date was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.49%. Jack in the Box’s dividend payout ratio is presently -88.44%.

Insider Transactions at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the sale, the chief financial officer now directly owns 13,201 shares in the company, valued at approximately $642,360.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

JACK has been the topic of a number of recent research reports. Piper Sandler cut their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush dropped their price objective on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Loop Capital decreased their target price on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Oppenheimer dropped their price target on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, UBS Group decreased their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 4th. Two equities research 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, Jack in the Box has a consensus rating of “Hold” and an average target price of $64.06.

Jack in the Box Company 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.