Jack in the Box Inc. (NASDAQ:JACK) Receives Average Recommendation of “Hold” from Analysts

Jack in the Box Inc. (NASDAQ:JACK) has received a consensus recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $75.94.

JACK has been the topic of several research analyst reports. Piper Sandler dropped their target price on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Wedbush cut their target price on Jack in the Box from $78.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $75.00 price target on shares of Jack in the Box in a research report on Friday, June 7th. Oppenheimer reduced their price objective on Jack in the Box from $98.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 15th. Finally, Bank of America dropped their target price on Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th.

Jack in the Box Trading Up 2.7 %

Shares of JACK stock opened at $51.51 on Tuesday. The company has a market cap of $998.78 million, a PE ratio of 9.07, a PEG ratio of 0.72 and a beta of 1.88. Jack in the Box has a 12-month low of $49.83 and a 12-month high of $99.56. The business’s fifty day simple moving average is $55.10 and its 200-day simple moving average is $67.89.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $365.40 million during the quarter, compared to analysts’ expectations of $369.53 million. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The firm’s revenue was down 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.47 earnings per share. On average, equities analysts forecast that Jack in the Box will post 6.31 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, June 6th. Jack in the Box’s payout ratio is currently 30.99%.

Institutional Investors Weigh In On Jack in the Box

A number of institutional investors have recently added to or reduced their stakes in JACK. Price T Rowe Associates Inc. MD lifted its holdings in Jack in the Box by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock valued at $1,090,000 after purchasing an additional 644 shares in the last quarter. EntryPoint Capital LLC lifted its stake in Jack in the Box by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 366 shares in the last quarter. MQS Management LLC acquired a new stake in Jack in the Box in the 1st quarter worth about $260,000. CANADA LIFE ASSURANCE Co increased its stake in Jack in the Box by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock worth $1,265,000 after buying an additional 790 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Jack in the Box during the first quarter valued at approximately $425,000. Institutional investors and hedge funds 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.