Jack in the Box Inc. (NASDAQ:JACK) Shares Purchased by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. boosted its position in Jack in the Box Inc. (NASDAQ:JACK) by 172.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,140 shares of the restaurant operator’s stock after acquiring an additional 1,354 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Jack in the Box were worth $100,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box in the third quarter valued at $41,000. SG Americas Securities LLC acquired a new stake in Jack in the Box in the 3rd quarter worth about $185,000. Selway Asset Management purchased a new stake in Jack in the Box in the 3rd quarter valued at about $228,000. GSA Capital Partners LLP acquired a new position in shares of Jack in the Box during the 3rd quarter valued at about $229,000. Finally, Intech Investment Management LLC purchased a new position in shares of Jack in the Box during the 3rd quarter worth about $241,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wedbush lowered their target price on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 18th. Royal Bank of Canada lowered their price objective on shares of 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. Loop Capital cut their target price on 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. Bank of America lifted their target price on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $60.38.

Jack in the Box Trading Down 2.5 %

JACK opened at $48.19 on Friday. Jack in the Box Inc. has a twelve month low of $40.84 and a twelve month high of $86.20. The firm has a market cap of $907.47 million, a price-to-earnings ratio of -24.71, a PEG ratio of 1.62 and a beta of 1.92. The company has a fifty day simple moving average of $46.97 and a 200 day simple moving average of $49.87.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s payout ratio 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.