Jack in the Box’s (JACK) Outperform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reissued their outperform rating on shares of Jack in the Box (NASDAQ:JACK) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $55.00 target price on the restaurant operator’s stock.

Several other equities analysts also recently commented on the stock. Bank of America upped their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Oppenheimer reduced their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. UBS Group decreased their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Stifel Nicolaus decreased their target price on Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.76.

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $38.66 on Thursday. The stock has a market capitalization of $727.97 million, a P/E ratio of -19.83, a PEG ratio of 1.22 and a beta of 1.94. Jack in the Box has a 1-year low of $36.36 and a 1-year high of $81.01. The business’s 50 day moving average is $43.72 and its two-hundred day moving average is $47.31.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were issued a $0.44 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.55%. Jack in the Box’s dividend payout ratio is presently -90.26%.

Insider Transactions at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders sold 2,343 shares of company stock valued at $100,601. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

Institutional investors and hedge funds have recently bought and sold shares of the company. Inspire Investing LLC grew its stake in shares of Jack in the Box by 10.2% during the fourth quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock worth $445,000 after acquiring an additional 993 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Jack in the Box by 53.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator’s stock worth $578,000 after purchasing an additional 4,838 shares during the last quarter. SG Americas Securities LLC grew its position in Jack in the Box by 188.5% during the 4th quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock worth $478,000 after purchasing an additional 7,504 shares during the last quarter. West Oak Capital LLC increased its stake in Jack in the Box by 30,452.9% during the 4th quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock valued at $891,000 after purchasing an additional 21,317 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.