Stifel Nicolaus Cuts Jack in the Box (NASDAQ:JACK) Price Target to $40.00

Jack in the Box (NASDAQ:JACK) had its price objective decreased by Stifel Nicolaus from $52.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

A number of other research firms have also issued reports on JACK. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Royal Bank of Canada lowered their price objective on shares of 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. Piper Sandler cut their target price on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Loop Capital dropped their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.35.

Jack in the Box Price Performance

JACK stock opened at $37.20 on Friday. The stock has a market capitalization of $700.51 million, a price-to-earnings ratio of -19.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94. The company has a 50-day moving average of $44.78 and a two-hundred day moving average of $47.67. Jack in the Box has a 52-week low of $36.71 and a 52-week high of $81.01.

Jack in the Box Announces Dividend

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

Insider Activity

In other news, SVP Sarah L. Super sold 1,688 shares of the company’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 transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 2,343 shares of company stock worth $100,601. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its stake in shares of Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after buying an additional 358 shares during the period. GAMMA Investing LLC boosted its holdings in 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 valued at $44,000 after acquiring an additional 735 shares during the last quarter. MML Investors Services LLC increased its position in Jack in the Box by 20.3% in the third 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 period. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the 3rd quarter worth about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the period. 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.