Jack in the Box Inc. (NASDAQ:JACK) Receives Average Rating of “Hold” from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received an average recommendation of “Hold” from the seventeen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $58.35.

Several research analysts have weighed in on the stock. UBS Group dropped their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. TD Cowen restated a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Oppenheimer cut their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Finally, 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 research note on Monday, October 21st.

Jack in the Box Price Performance

Shares of JACK opened at $39.58 on Friday. The business’s 50-day moving average is $44.30 and its 200-day moving average is $47.50. The company has a market capitalization of $745.33 million, a price-to-earnings ratio of -20.30, a P/E/G ratio of 1.49 and a beta of 1.94. Jack in the Box has a fifty-two week low of $36.36 and a fifty-two week high of $81.01.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were issued a $0.44 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 4.45%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insiders Place Their Bets

In related news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,343 shares of company stock valued at $100,601 in the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. West Oak Capital LLC boosted its position in shares of Jack in the Box by 30,452.9% in the fourth quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock valued at $891,000 after acquiring an additional 21,317 shares during the period. GAMMA Investing LLC boosted its holdings in Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares during the period. Barclays PLC grew its position in Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after purchasing an additional 89,649 shares during the last quarter. MML Investors Services LLC grew its position in Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Jack in the Box during the 3rd quarter worth about $429,000. 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.