UBS Group Cuts Jack in the Box (NASDAQ:JACK) Price Target to $44.00

Jack in the Box (NASDAQ:JACK) had its target price cut by UBS Group from $50.00 to $44.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

JACK has been the topic of a number of other research reports. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Guggenheim cut 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. Loop Capital lowered their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wedbush cut their price target on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Finally, Piper Sandler decreased their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and a consensus target price of $59.06.

Jack in the Box Price Performance

NASDAQ JACK opened at $38.13 on Tuesday. The stock’s 50-day moving average is $45.04 and its 200-day moving average is $47.81. Jack in the Box has a one year low of $37.01 and a one year high of $83.75. The firm has a market cap of $718.03 million, a P/E ratio of -19.55, a P/E/G ratio of 1.49 and a beta of 1.94.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 4.62%. Jack in the Box’s payout ratio is -90.26%.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,343 shares of company stock worth $100,601 over the last quarter. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jack in the Box

A number of hedge funds and other institutional investors have recently bought and sold shares of JACK. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box in the third quarter valued at approximately $41,000. GAMMA Investing LLC boosted its stake in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings 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 during the last quarter. SG Americas Securities LLC bought a new stake in Jack in the Box in the 3rd quarter valued at $185,000. Finally, MML Investors Services LLC lifted its holdings in Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 819 shares during the last quarter. 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.