Deutsche Bank Aktiengesellschaft Lowers Jack in the Box (NASDAQ:JACK) Price Target to $46.00

Jack in the Box (NASDAQ:JACK) had its price target cut by Deutsche Bank Aktiengesellschaft from $51.00 to $46.00 in a report released on Thursday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other research analysts have also recently weighed in on JACK. TD Cowen reiterated a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research report on Thursday. Truist Financial cut their price target on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Guggenheim reduced their price objective on shares of 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. Piper Sandler dropped their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Loop Capital reduced their price target on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack in the Box has a consensus rating of “Hold” and an average target price of $60.38.

Jack in the Box Stock Performance

Shares of Jack in the Box stock opened at $47.50 on Thursday. The stock has a market cap of $908.49 million, a price-to-earnings ratio of -24.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.93. The stock has a 50 day moving average price of $46.34 and a 200-day moving average price of $50.15. Jack in the Box has a one year low of $40.84 and a one year high of $86.20.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be paid 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 3.71%. Jack in the Box’s dividend payout ratio is currently -90.26%.

Insider Activity at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The trade was a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack in the Box

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC lifted its position in shares of Jack in the Box by 73.2% during 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 during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Jack in the Box during the 3rd quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Jack in the Box during the third quarter valued at approximately $185,000. Finally, MML Investors Services LLC boosted its stake in 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 acquiring an additional 819 shares in the last quarter. Hedge funds and other institutional investors 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.