Barclays Raises Jack in the Box (NASDAQ:JACK) Price Target to $50.00

Jack in the Box (NASDAQ:JACK) had its target price raised by Barclays from $46.00 to $50.00 in a research report released on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Other research analysts have also issued research reports about the company. Piper Sandler dropped their price objective 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. Northcoast Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. The Goldman Sachs Group decreased 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 report on Monday, October 21st. UBS Group decreased their target price on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Finally, Guggenheim decreased their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.38.

Jack in the Box Price Performance

Shares of JACK stock opened at $47.50 on Thursday. The business’s fifty day moving average price is $46.34 and its 200 day moving average price is $50.15. Jack in the Box has a 1-year low of $40.84 and a 1-year high of $86.20. The firm has a market capitalization of $908.49 million, a PE ratio of -24.36, a P/E/G ratio of 1.49 and a beta of 1.93.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 3.71%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Buying and Selling

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares in the company, valued at $642,360.66. This represents a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box during the third quarter worth about $41,000. EntryPoint Capital LLC grew 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 valued at $59,000 after buying an additional 366 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 1,354 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Jack in the Box in the third quarter valued at about $185,000. Finally, MML Investors Services LLC grew its stake in shares of 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 valued at $226,000 after buying an additional 819 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.