4 Dividend Stock Picks of David Einhorn’s Greenlight Capital

In this article, we discuss the 4 dividend stock picks of David Einhorn’s Greenlight Capital. If you want to read our detailed analysis of Einhorn’s investment philosophy, hedge fund returns and history, go directly to 9 Dividend Stock Picks of David Einhorn’s Greenlight Capital.

4. Jack in the Box Inc. (NASDAQ:JACK)

Greenlight Capital’s Stake Value: $18.46 million

Greenlight Capital’s 13F Portfolio: 1.05%

Number of Hedge Fund Holders: 27

Dividend Yield (as of April 28): 2.08%

Jack in the Box Inc. (NASDAQ:JACK) is a California-based restaurant chain with approximately 2,200 locations across the United States. As of April 28, the firm’s dividend yield stood at 2.08%. Comprising of 211,000 shares, Greenlight Capital’s stake in Jack in the Box Inc. (NASDAQ:JACK) at the end of the fourth quarter was worth $18.46 million, and showed an increase of 42% over the preceding quarter.

On April 12, Citi analyst Jon Tower initiated coverage of Jack in the Box Inc. (NASDAQ:JACK) with a ‘Neutral’ rating and a $104 price target. He expects the shares to remain range-bound as investors digest the announced acquisition of Del Taco. In the fourth quarter, Jack in the Box Inc. (NASDAQ:JACK) posted an EPS of $1.97, which beat estimates by $0.06. Quarterly revenue of $344.71 million was slightly below estimates by $1.17 million.

27 hedge funds were bullish on Jack in the Box Inc. (NASDAQ:JACK) shares in the fourth quarter of 2021, holding stakes with a combined worth of $156.3 million. This is an upward trend from the preceding quarter where 26 hedge funds held $179.7 million worth of positions in the company. Millennium Management was the largest shareholder of Jack in the Box Inc. (NASDAQ:JACK) in the fourth quarter with 337,000 shares worth $29.45 million.