Jack in the Box (NASDAQ:JACK) Hits New 12-Month Low – Should You Sell?

Jack in the Box Inc. (NASDAQ:JACK) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $36.36 and last traded at $38.28, with a volume of 681462 shares. The stock had previously closed at $37.20.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Loop Capital dropped their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Piper Sandler dropped their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Wedbush reduced their price objective on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 18th. Bank of America upped their target price on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada decreased their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $58.35.

Jack in the Box Trading Up 2.9 %

The company has a market cap of $720.85 million, a price-to-earnings ratio of -19.63, a PEG ratio of 1.49 and a beta of 1.94. The business has a fifty day moving average of $44.54 and a two-hundred day moving average of $47.58.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders 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 4.60%. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

Insider Buying and Selling

In related news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the sale, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 2,343 shares of company stock valued at $100,601. 1.60% of the stock is owned by corporate insiders.

Institutional Trading of Jack in the Box

A number of institutional investors have recently made changes to their positions in JACK. DekaBank Deutsche Girozentrale acquired a new position in Jack in the Box in the 3rd quarter valued at $41,000. GAMMA Investing LLC raised its position in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 735 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake 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 in the last quarter. SG Americas Securities LLC acquired a new position in Jack in the Box during the third quarter worth about $185,000. Finally, MML Investors Services LLC grew its stake in Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after acquiring an additional 819 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

About Jack in the Box

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.