Dynamic Technology Lab Private Ltd Takes Position in Jack in the Box Inc. (NASDAQ:JACK)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Jack in the Box Inc. (NASDAQ:JACK) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 24,429 shares of the restaurant operator’s stock, valued at approximately $1,137,000. Dynamic Technology Lab Private Ltd owned approximately 0.13% of Jack in the Box as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box during the 3rd quarter valued at approximately $41,000. SG Americas Securities LLC purchased a new stake in Jack in the Box in the third quarter valued at $185,000. Selway Asset Management acquired a new position in shares of Jack in the Box in the 3rd quarter valued at $228,000. GSA Capital Partners LLP purchased a new position in shares of Jack in the Box during the 3rd quarter worth $229,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Jack in the Box during the 3rd quarter worth about $241,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Price Performance

Shares of NASDAQ:JACK opened at $46.59 on Wednesday. Jack in the Box Inc. has a 12 month low of $40.84 and a 12 month high of $86.20. The firm has a market capitalization of $877.29 million, a P/E ratio of -23.89, a P/E/G ratio of 1.34 and a beta of 1.93. The company’s fifty day moving average price is $46.44 and its 200 day moving average price is $50.11.

Jack in the Box Announces Dividend

The company 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 3.78%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is currently -90.26%.

Insider Activity

In related news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. This represents a 5.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.60% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Loop Capital decreased 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. Piper Sandler lowered their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. TD Cowen reissued a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Wedbush lowered their price target on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. Finally, UBS Group cut their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and an average target price of $60.38.

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.