Jack in the Box (NASDAQ:JACK) Given New $40.00 Price Target at Stifel Nicolaus

Jack in the Box (NASDAQ:JACK) had its price objective trimmed by Stifel Nicolaus from $52.00 to $40.00 in a report published on Friday morning,Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on the company. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday. Truist Financial decreased their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. The Goldman Sachs Group lowered their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Guggenheim lowered their target price on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Jack in the Box currently has a consensus rating of “Hold” and an average price target of $58.35.

Jack in the Box Stock Down 2.4 %

Jack in the Box stock opened at $37.20 on Friday. Jack in the Box has a 52-week low of $36.71 and a 52-week high of $81.01. The firm has a market capitalization of $700.51 million, a price-to-earnings ratio of -19.08, a PEG ratio of 1.49 and a beta of 1.94. The firm has a 50-day moving average price of $45.04 and a two-hundred day moving average price of $47.81.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend was Thursday, December 12th. Jack in the Box’s payout ratio is -90.26%.

Insider Activity

In related news, SVP Sarah L. Super sold 1,688 shares of the 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 completion of the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 2,343 shares of company stock worth $100,601 over the last 90 days. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

A number of large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in Jack in the Box by 13.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after purchasing an additional 85,461 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Jack in the Box by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock valued at $18,081,000 after acquiring an additional 8,038 shares in the last quarter. Clearline Capital LP increased its stake in shares of Jack in the Box by 4.1% in the third quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock worth $12,134,000 after acquiring an additional 10,304 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in shares of Jack in the Box during the third quarter worth $11,802,000. Finally, Earnest Partners LLC boosted its position in Jack in the Box by 10.2% during the second quarter. Earnest Partners LLC now owns 240,784 shares of the restaurant operator’s stock valued at $12,266,000 after purchasing an additional 22,226 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

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.