Jack in the Box Inc. (NASDAQ:JACK) Receives $49.56 Consensus PT from Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $49.56.

Several research firms have weighed in on JACK. Oppenheimer dropped their target price on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus decreased their price objective on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $40.00 in a research note on Friday, February 21st. Truist Financial decreased their price objective on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Finally, Northcoast Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th.

Jack in the Box Trading Up 4.2 %

NASDAQ:JACK opened at $38.23 on Friday. The company has a market cap of $720.94 million, a PE ratio of -19.61, a P/E/G ratio of 1.29 and a beta of 1.95. Jack in the Box has a twelve month low of $32.69 and a twelve month high of $75.23. The company’s 50 day moving average is $39.11 and its two-hundred day moving average is $43.76.

Jack in the Box (NASDAQ:JACK) last released 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. The company had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. As a group, analysts expect that Jack in the Box will post 5.33 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.60%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio is currently -82.63%.

Insider Activity at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

A number of large investors have recently added to or reduced their stakes in JACK. Quadrant Capital Group LLC raised its position in Jack in the Box by 96.7% during the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 442 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Jack in the Box during the fourth quarter worth $40,000. DekaBank Deutsche Girozentrale acquired a new position in Jack in the Box during the third quarter worth $41,000. GAMMA Investing LLC raised its position in Jack in the Box by 229.7% during the fourth 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. Finally, KBC Group NV raised its position in Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 616 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.