Jack in the Box (NASDAQ:JACK) Shares Down 5.5% – Time to Sell?

Jack in the Box Inc. (NASDAQ:JACK) was down 5.5% on Monday . The stock traded as low as $42.72 and last traded at $43.01. Approximately 312,156 shares were traded during trading, a decline of 39% from the average daily volume of 514,230 shares. The stock had previously closed at $45.50.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JACK shares. Barclays lifted their price target on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft dropped their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. The Goldman Sachs Group dropped their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st. Wedbush dropped their target price 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, Guggenheim dropped their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $59.88.

Jack in the Box Price Performance

The company has a market cap of $813.69 million, a PE ratio of -23.33, a PEG ratio of 1.59 and a beta of 1.92. The business has a 50-day moving average of $47.26 and a 200 day moving average of $49.58.

Jack in the Box Dividend Announcement

The company also recently disclosed 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. This represents a $1.76 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Institutional Trading of Jack in the Box

A number of hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Jack in the Box by 15,439.4% in the second quarter. Nisa Investment Advisors LLC now owns 5,128 shares of the restaurant operator’s stock worth $261,000 after buying an additional 5,095 shares in the last quarter. Bank of New York Mellon Corp increased its position in Jack in the Box by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock worth $12,505,000 after buying an additional 18,874 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Jack in the Box by 26.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after buying an additional 130,214 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after buying an additional 503 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Jack in the Box in the second quarter worth about $1,070,000. 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.