Oppenheimer Issues Pessimistic Forecast for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK) had its price objective trimmed by Oppenheimer from $60.00 to $52.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock.

A number of other brokerages have also recently commented on JACK. Stifel Nicolaus cut their price target on shares of Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Monday, December 9th. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday. Truist Financial cut their price objective on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of 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. Finally, Barclays boosted their price target on shares of 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. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $59.06.

Jack in the Box Stock Performance

Shares of JACK stock opened at $38.97 on Tuesday. The firm has a fifty day moving average of $45.52 and a 200-day moving average of $47.95. The stock has a market cap of $733.84 million, a price-to-earnings ratio of -19.98, a P/E/G ratio of 1.49 and a beta of 1.94. Jack in the Box has a 52-week low of $38.12 and a 52-week high of $84.87.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend was Thursday, December 12th. Jack in the Box’s dividend payout ratio is -90.26%.

Insiders Place Their Bets

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction that occurred 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 sale, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders sold 2,343 shares of company stock valued at $100,601. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jack in the Box

Several large investors have recently bought and sold shares of JACK. DekaBank Deutsche Girozentrale bought a new stake in shares of Jack in the Box during the 3rd quarter valued at $41,000. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the last quarter. SG Americas Securities LLC acquired a new position in Jack in the Box in the third quarter valued at about $185,000. Finally, MML Investors Services LLC boosted its holdings in Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after buying an additional 819 shares during the last quarter. 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.