Jack in the Box Inc. (JACK) To Go Ex-Dividend on December 12th

Jack in the Box Inc. (NASDAQ:JACK) declared a quarterly dividend on Friday, November 15th,Wall Street Journal reports. Shareholders of record on Thursday, December 12th will be paid a dividend of 0.44 per share by the restaurant operator on Monday, December 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Thursday, December 12th.

Jack in the Box has raised its dividend by an average of 13.6% annually over the last three years. Jack in the Box has a payout ratio of 32.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jack in the Box to earn $5.98 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 29.4%.

Jack in the Box Price Performance

Shares of NASDAQ:JACK opened at $48.32 on Tuesday. The firm has a market capitalization of $909.91 million, a price-to-earnings ratio of -24.78, a price-to-earnings-growth ratio of 1.57 and a beta of 1.92. The business’s 50 day moving average price is $47.13 and its 200-day moving average price is $49.74. Jack in the Box has a 1 year low of $40.84 and a 1 year high of $86.20.

Analyst Ratings Changes

Several analysts have recently issued reports on JACK shares. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Oppenheimer reiterated an “outperform” rating and set a $60.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft decreased their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Guggenheim dropped their price target on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus decreased their price objective on Jack in the Box from $55.00 to $52.00 and set a “hold” rating on the stock in a report on Monday. 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.88.

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.