Jack in the Box (NASDAQ:JACK) Earns Hold Rating from TD Cowen

TD Cowen restated their hold rating on shares of Jack in the Box (NASDAQ:JACK) in a research report released on Thursday morning,Benzinga reports. TD Cowen currently has a $50.00 price objective on the restaurant operator’s stock.

Several other analysts have also recently commented on JACK. StockNews.com cut Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Piper Sandler cut their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. The Goldman Sachs Group reduced their price objective on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. Truist Financial lowered their target price on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Barclays reduced their price target on shares of Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 22nd. One equities research 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. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and an average price target of $60.38.

Jack in the Box Stock Down 0.6 %

Jack in the Box stock opened at $47.50 on Thursday. The firm has a 50-day moving average price of $46.34 and a two-hundred day moving average price of $50.15. Jack in the Box has a 52-week low of $40.84 and a 52-week high of $86.20. The firm has a market capitalization of $908.49 million, a price-to-earnings ratio of -24.36, a PEG ratio of 1.49 and a beta of 1.93.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio is presently -90.26%.

Insider Buying and Selling

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

Institutional Trading of Jack in the Box

A number of hedge funds have recently bought and sold shares of JACK. Allspring Global Investments Holdings LLC increased its position in shares of Jack in the Box by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after acquiring an additional 85,461 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after purchasing an additional 403,423 shares during the period. Charles Schwab Investment Management Inc. grew its position in Jack in the Box by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock worth $18,081,000 after purchasing an additional 8,038 shares in the last quarter. Clearline Capital LP raised its stake in Jack in the Box by 4.1% during the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after purchasing an additional 10,304 shares during the period. Finally, Invenomic Capital Management LP acquired a new stake in shares of Jack in the Box in the third quarter worth $11,802,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Company 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.