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

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received a consensus rating of “Hold” from the seventeen analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $62.00.

JACK has been the topic of several recent research reports. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada lowered their price target on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday. Bank of America upped their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Guggenheim lowered their price target on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Piper Sandler lowered their price target on shares of 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.

Jack in the Box Price Performance

Shares of JACK opened at $47.76 on Friday. The firm has a market capitalization of $913.55 million, a PE ratio of -24.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.93. Jack in the Box has a 1-year low of $40.84 and a 1-year high of $86.20. The company’s fifty day moving average price is $46.28 and its 200-day moving average price is $50.27.

Jack in the Box Dividend Announcement

The business also recently declared 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 is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.69%. Jack in the Box’s dividend payout ratio (DPR) is presently -88.44%.

Insider Buying and Selling

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. This represents a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Hedge funds have recently bought and sold shares of the business. Manning & Napier Advisors LLC acquired a new stake in Jack in the Box in the 2nd quarter valued at about $3,311,000. Aigen Investment Management LP raised its holdings in Jack in the Box by 238.5% in the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after acquiring an additional 15,409 shares during the last quarter. Access Investment Management LLC acquired a new stake in Jack in the Box in the 3rd quarter valued at about $1,475,000. Allspring Global Investments Holdings LLC raised its holdings in Jack in the Box by 26.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after acquiring an additional 130,214 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Jack in the Box by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after acquiring an additional 18,874 shares during the last quarter. Institutional investors and hedge funds 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.