BlackRock Amends Jack in the Box Stake, Maintains Passive Position
Ticker: JACK · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 807882
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, form-13g
TL;DR
**BlackRock still owns a big chunk of Jack in the Box, signaling long-term confidence.**
AI Summary
BlackRock Inc. has filed an amended Schedule 13G/A on January 22, 2024, updating its ownership in JACK IN THE BOX INC. as of December 31, 2023. This filing, Amendment No. 20, indicates BlackRock's continued significant passive stake in the fast-food chain. This matters to investors because BlackRock is a major institutional investor, and its consistent, large holding suggests a long-term, passive confidence in Jack in the Box's business, which can be a positive signal for the stock's stability.
Why It Matters
This filing shows BlackRock, a major institutional investor, continues to hold a significant passive stake in Jack in the Box, signaling long-term confidence in the company's stability.
Risk Assessment
Risk Level: low — This is a routine amendment by a passive institutional investor, indicating no immediate change in investment strategy or significant risk.
Analyst Insight
A smart investor would note BlackRock's continued passive holding as a sign of long-term institutional confidence in Jack in the Box, but would still conduct their own due diligence on the company's fundamentals before making any investment decisions.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- JACK IN THE BOX INC (company) — the subject company in which BlackRock holds shares
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
- Amendment No: 20 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant passive stake in JACK IN THE BOX INC. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 20)' sections.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What company's securities are the subject of this filing?
The securities of JACK IN THE BOX INC are the subject of this filing, as stated under the 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: JACK IN THE BOX INC' section.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox selection in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding JACK IN THE BOX INC (JACK).