Stifel Nicolaus Lowers Jack in the Box (NASDAQ:JACK) Price Target to $35.00

Jack in the Box (NASDAQ:JACK) had its price target lowered by Stifel Nicolaus from $40.00 to $35.00 in a research note published on Monday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

A number of other research firms have also recently issued reports on JACK. Guggenheim reiterated a “buy” rating and issued a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th. Oppenheimer cut their price objective on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. TD Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a report on Wednesday, February 26th. Barclays cut their price target on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. Finally, StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $49.25.

Jack in the Box Stock Down 1.7 %

Jack in the Box stock opened at $28.36 on Monday. The stock has a market cap of $534.81 million, a price-to-earnings ratio of -14.54, a PEG ratio of 1.29 and a beta of 1.95. The business has a 50-day simple moving average of $36.99 and a 200 day simple moving average of $42.15. Jack in the Box has a 52 week low of $28.21 and a 52 week high of $70.81.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 EPS 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 company had revenue of $469.44 million during the quarter, compared to analyst estimates of $470.47 million. On average, research analysts anticipate that Jack in the Box will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 6.21%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is currently -82.63%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JACK. Quadrant Capital Group LLC boosted its stake in shares of Jack in the Box by 96.7% during 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 stake in Jack in the Box in the fourth quarter worth about $40,000. GAMMA Investing LLC boosted its position in 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 valued at $44,000 after acquiring an additional 735 shares in the last quarter. KBC Group NV boosted its position in Jack in the Box by 99.5% during the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 616 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Jack in the Box by 168.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 978 shares during the period. 99.79% of the stock is currently owned by institutional investors.

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.