Jack in the Box (NASDAQ:JACK) Hits New 12-Month Low – Here’s Why

Jack in the Box Inc. (NASDAQ:JACK) reached a new 52-week low on Tuesday . The stock traded as low as $26.69 and last traded at $27.19, with a volume of 997486 shares. The stock had previously closed at $27.43.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on JACK shares. Stifel Nicolaus cut their target price on shares of Jack in the Box from $40.00 to $35.00 and set a “hold” rating for the company in a research note on Monday, March 24th. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Oppenheimer lowered their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. TD Securities reiterated a “hold” rating and set a $42.00 price target on shares of Jack in the Box in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada dropped their target price on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $49.25.

Jack in the Box Trading Down 1.5 %

The stock has a 50 day moving average price of $35.83 and a two-hundred day moving average price of $41.59. The company has a market cap of $500.30 million, a price-to-earnings ratio of -13.61, a P/E/G ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.21. The firm had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. On average, equities analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 6.63%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s payout ratio is -82.63%.

Institutional Investors Weigh In On Jack in the Box

Several large investors have recently bought and sold shares of JACK. Raymond James Financial Inc. acquired a new position in shares of Jack in the Box in the 4th quarter valued at $7,655,000. IPG Investment Advisors LLC lifted its holdings in Jack in the Box by 59.2% during the fourth quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock worth $18,347,000 after acquiring an additional 163,834 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Jack in the Box by 178.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator’s stock valued at $8,192,000 after acquiring an additional 126,101 shares during the period. Invenomic Capital Management LP increased its holdings in shares of Jack in the Box by 40.7% in the fourth quarter. Invenomic Capital Management LP now owns 356,757 shares of the restaurant operator’s stock worth $14,855,000 after acquiring an additional 103,176 shares in the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of Jack in the Box during the fourth quarter worth about $4,249,000. Institutional investors own 99.79% of the company’s stock.

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.