Point72 Asset Management L.P. Acquires 57,810 Shares of Jack in the Box Inc. (NASDAQ:JACK)

Point72 Asset Management L.P. increased its holdings in shares of Jack in the Box Inc. (NASDAQ:JACK) by 191.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,000 shares of the restaurant operator’s stock after buying an additional 57,810 shares during the quarter. Point72 Asset Management L.P. owned 0.46% of Jack in the Box worth $4,096,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box in the 3rd quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 1,354 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Jack in the Box during the third quarter worth $185,000. Selway Asset Management bought a new position in shares of Jack in the Box in the 3rd quarter valued at $228,000. Finally, GSA Capital Partners LLP bought a new position in shares of Jack in the Box in the 3rd quarter valued at $229,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JACK shares. TD Cowen restated a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research report on Thursday, November 21st. Royal Bank of Canada lowered 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. Bank of America lifted their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. 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 report on Monday, October 14th. Finally, Wedbush dropped their price target on shares of 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Stock Performance

Shares of JACK opened at $47.97 on Monday. The firm has a market cap of $903.28 million, a PE ratio of -24.60, a price-to-earnings-growth ratio of 1.62 and a beta of 1.92. Jack in the Box Inc. has a 52-week low of $40.84 and a 52-week high of $86.20. The business’s 50 day moving average price is $47.10 and its two-hundred day moving average price is $49.77.

Jack in the Box Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.67%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s dividend payout ratio is presently -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.