Jack in the Box (NASDAQ:JACK) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Jack in the Box (NASDAQ:JACK) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Other equities research analysts also recently issued reports about the company. The Goldman Sachs Group lowered their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. Stifel Nicolaus lowered their target price 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. Royal Bank of Canada reduced their price target on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Truist Financial decreased their price target on shares of 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. Finally, Bank of America raised their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.88.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $41.64 on Monday. The company has a market capitalization of $784.12 million, a price-to-earnings ratio of -21.35, a price-to-earnings-growth ratio of 1.49 and a beta of 1.92. Jack in the Box has a one year low of $38.12 and a one year high of $86.20. The stock has a 50-day simple moving average of $46.18 and a 200 day simple moving average of $48.28.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.23%. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value 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. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 2,343 shares of company stock valued at $100,601. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box during the 3rd quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of 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 worth $100,000 after buying an additional 1,354 shares during the period. SG Americas Securities LLC purchased a new position in shares of Jack in the Box during the third quarter valued at $185,000. MML Investors Services LLC raised its position 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 valued at $226,000 after buying an additional 819 shares during the period. Finally, Selway Asset Management purchased a new stake in Jack in the Box in the 3rd quarter worth about $228,000. Institutional investors and hedge funds 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.