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

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $58.35.

JACK has been the topic of several recent analyst reports. Oppenheimer dropped their price objective on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday. UBS Group decreased their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday. TD Cowen reaffirmed a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Bank of America raised their target price on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Piper Sandler decreased 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.

Jack in the Box Trading Down 2.4 %

Shares of NASDAQ:JACK opened at $37.20 on Friday. The stock’s fifty day simple moving average is $45.04 and its two-hundred day simple moving average is $47.81. Jack in the Box has a 1-year low of $36.71 and a 1-year high of $81.01. The stock has a market cap of $700.51 million, a PE ratio of -19.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date of this dividend was Thursday, December 12th. Jack in the Box’s payout ratio is presently -90.26%.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 2,343 shares of company stock valued at $100,601 in the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Jack in the Box

A number of large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box in the 3rd quarter worth approximately $41,000. GAMMA Investing LLC lifted its position in Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Jack in the Box by 172.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after buying 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 worth approximately $185,000. Finally, MML Investors Services LLC lifted its position in Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after buying 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.