Jack in the Box Inc. (NASDAQ:JACK) Receives Average Rating 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 covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $49.56.

Several research analysts recently weighed in on the company. UBS Group dropped their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Oppenheimer dropped their target price 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, January 7th. Morgan Stanley dropped their target price on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. TD Cowen restated a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, Stifel Nicolaus lowered their price target on Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 10th.

Insider Activity

In other news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 2,190 shares of company stock valued at $92,961 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently modified their holdings of JACK. Quadrant Capital Group LLC increased its stake in shares of Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 442 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Jack in the Box in the 4th quarter valued at about $40,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Jack in the Box in the 3rd quarter valued at about $41,000. GAMMA Investing LLC increased its stake in shares of 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 valued at $44,000 after purchasing an additional 735 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 616 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Trading Down 0.5 %

Shares of NASDAQ:JACK opened at $38.44 on Friday. Jack in the Box has a 12-month low of $32.69 and a 12-month high of $76.56. The business’s fifty day simple moving average is $39.51 and its 200-day simple moving average is $44.34. The company has a market capitalization of $724.90 million, a PE ratio of -19.71, a P/E/G ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Research analysts predict that Jack in the Box will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be issued a $0.44 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.76 annualized dividend and a dividend yield of 4.58%. Jack in the Box’s dividend payout ratio (DPR) is presently -82.63%.

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.