Jack in the Box Inc. (NASDAQ:JACK) Given Consensus Rating of “Hold” by Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have earned a consensus rating of “Hold” from the seventeen brokerages that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $54.50.

JACK has been the topic of a number of analyst reports. Wedbush lowered their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Loop Capital decreased their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Bank of America boosted their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Truist Financial decreased their price target on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Morgan Stanley cut their price objective on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st.

Jack in the Box Price Performance

JACK stock opened at $40.53 on Wednesday. The company’s 50 day simple moving average is $41.71 and its 200-day simple moving average is $46.04. Jack in the Box has a 12 month low of $36.36 and a 12 month high of $79.28. The firm has a market capitalization of $764.40 million, a PE ratio of -20.78, a P/E/G ratio of 1.40 and a beta of 1.94.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Activity at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s 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 transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 2,190 shares of company stock worth $92,961. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box during the 3rd quarter valued at about $41,000. GAMMA Investing LLC grew its position in 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 acquiring an additional 735 shares in the last quarter. KBC Group NV lifted its position in shares of Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 616 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after purchasing an additional 978 shares during the period. Finally, R Squared Ltd acquired a new stake in Jack in the Box during the 4th quarter valued at $72,000. Hedge funds and other institutional investors 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.