XTX Topco Ltd Purchases New Shares in Jack in the Box Inc. (NASDAQ:JACK)

XTX Topco Ltd purchased a new stake in shares of Jack in the Box Inc. (NASDAQ:JACK) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 9,224 shares of the restaurant operator’s stock, valued at approximately $429,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JACK. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box during the 3rd quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. boosted its position in Jack in the Box by 172.3% in the 3rd 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 during the last quarter. SG Americas Securities LLC bought a new position in Jack in the Box in the 3rd quarter valued at $185,000. Selway Asset Management bought a new position in Jack in the Box in the 3rd quarter valued at $228,000. Finally, GSA Capital Partners LLP bought a new position in 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.

Analyst Ratings Changes

JACK has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Loop Capital decreased their price objective 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. UBS Group decreased their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Truist Financial reduced their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Stifel Nicolaus reduced their price target on Jack in the Box from $55.00 to $52.00 and set a “hold” rating on the stock in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $59.88.

Jack in the Box Price Performance

JACK opened at $45.50 on Friday. The business’s 50-day moving average price is $47.26 and its two-hundred day moving average price is $49.60. Jack in the Box Inc. has a 1 year low of $40.84 and a 1 year high of $86.20. The company has a market capitalization of $856.81 million, a price-to-earnings ratio of -23.33, a P/E/G ratio of 1.59 and a beta of 1.92.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s dividend payout ratio is -90.26%.

About Jack in the Box

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.