Jack in the Box (NASDAQ:JACK) Price Target Lowered to $35.00 at Stifel Nicolaus

Jack in the Box (NASDAQ:JACK) had its price target lowered by Stifel Nicolaus from $40.00 to $35.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

JACK has been the subject of several other reports. Royal Bank of Canada decreased 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 report on Wednesday, February 26th. Oppenheimer lowered their price objective 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 restated a “hold” rating and issued a $42.00 target price on shares of Jack in the Box in a report on Wednesday, February 26th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Finally, Truist Financial lowered their price target on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $49.25.

Jack in the Box Stock Performance

JACK stock opened at $30.62 on Monday. The stock’s 50 day simple moving average is $37.42 and its 200 day simple moving average is $42.37. The company has a market cap of $577.43 million, a P/E ratio of -15.70, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95. Jack in the Box has a fifty-two week low of $29.29 and a fifty-two week high of $70.81.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million for the quarter, compared to analysts’ expectations 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%. Equities analysts predict that Jack in the Box will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 annualized dividend and a dividend yield of 5.75%. Jack in the Box’s payout ratio is currently -82.63%.

Hedge Funds Weigh In On Jack in the Box

Several institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its position in shares of Jack in the Box by 96.7% during the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 442 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Jack in the Box in the 4th quarter valued at about $40,000. GAMMA Investing LLC lifted its holdings in Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares during the last quarter. KBC Group NV boosted its position in Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 616 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock worth $65,000 after purchasing an additional 978 shares in the last quarter. Hedge funds and other 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.