Jack in the Box Inc. (NASDAQ:JACK) Given Average Rating of “Hold” by Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have earned a consensus recommendation of “Hold” from the seventeen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $58.35.

Several analysts have weighed in on the company. Guggenheim lowered their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Loop Capital reduced their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. The Goldman Sachs Group reduced their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, October 21st. TD Cowen reissued a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, Royal Bank of Canada reduced their target price on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st.

Jack in the Box Stock Performance

Shares of JACK stock opened at $37.20 on Friday. Jack in the Box has a fifty-two week low of $36.71 and a fifty-two week high of $81.01. The stock has a 50 day moving average price of $45.04 and a two-hundred day moving average price of $47.81. The company has a market capitalization of $700.51 million, a P/E ratio of -19.08, a PEG ratio of 1.49 and a beta of 1.94.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were paid a $0.44 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 4.73%. Jack in the Box’s payout ratio is -90.26%.

Insiders Place Their Bets

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 2,343 shares of company stock valued at $100,601. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jack in the Box

Several hedge funds have recently added to or reduced their stakes in JACK. Invenomic Capital Management LP bought a new stake in Jack in the Box in the third quarter worth $11,802,000. Clearline Capital LP boosted its holdings in Jack in the Box by 136.7% in the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock worth $12,757,000 after acquiring an additional 144,631 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in Jack in the Box by 296.5% in the second quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after acquiring an additional 101,064 shares in the last quarter. Barclays PLC boosted its holdings in Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after acquiring an additional 89,649 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Jack in the Box by 13.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after purchasing an additional 85,461 shares in the last quarter. 99.79% of the stock is owned by 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.