Jack in the Box (NASDAQ:JACK) Price Target Lowered to $46.00 at Deutsche Bank Aktiengesellschaft

Jack in the Box (NASDAQ:JACK) had its price target decreased by Deutsche Bank Aktiengesellschaft from $51.00 to $46.00 in a report issued on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on the company. Loop Capital reduced their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Piper Sandler dropped their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. TD Cowen reaffirmed a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research note on Thursday. Finally, Wedbush decreased their target price on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Jack in the Box presently has an average rating of “Hold” and an average target price of $60.38.

Jack in the Box Price Performance

JACK stock opened at $47.50 on Thursday. The firm’s fifty day simple moving average is $46.34 and its 200-day simple moving average is $50.15. Jack in the Box has a 12 month low of $40.84 and a 12 month high of $86.20. The company has a market capitalization of $908.49 million, a P/E ratio of -24.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.93.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a 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%.

Insiders Place Their Bets

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s 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 transaction, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

Large investors have recently modified their holdings of the business. EntryPoint Capital LLC lifted its stake in shares of Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box in the 3rd quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 worth $100,000 after purchasing an additional 1,354 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Jack in the Box during the 3rd quarter worth approximately $185,000. Finally, MML Investors Services LLC boosted its holdings in shares of Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.