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

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been assigned a consensus rating of “Hold” from the sixteen analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $64.25.

JACK has been the topic of several recent analyst reports. TD Cowen cut their price objective on Jack in the Box from $57.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, October 16th. Wedbush reduced their price target on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Bank of America lifted their price objective on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Barclays reduced their target price on Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday, October 22nd. Finally, Morgan Stanley lowered their price target on Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th.

Jack in the Box Stock Performance

NASDAQ JACK opened at $46.77 on Monday. Jack in the Box has a 1 year low of $40.84 and a 1 year high of $86.20. The business’s fifty day moving average is $46.31 and its two-hundred day moving average is $51.52. The stock has a market capitalization of $906.87 million, a P/E ratio of 8.23, a P/E/G ratio of 0.65 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. Jack in the Box had a negative return on equity of 16.46% and a negative net margin of 2.30%. The business had revenue of $369.17 million for the quarter, compared to analysts’ expectations of $371.81 million. During the same period in the previous year, the firm posted $1.45 EPS. The company’s quarterly revenue was down 7.0% on a year-over-year basis. On average, research analysts forecast that Jack in the Box will post 6.21 earnings per share for the current year.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s dividend payout ratio is presently 30.99%.

Insider Buying and Selling at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

A number of large investors have recently added to or reduced their stakes in JACK. Victory Capital Management Inc. raised its position in shares of Jack in the Box by 261.5% in the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock valued at $28,408,000 after purchasing an additional 403,423 shares during the period. Clearline Capital LP grew its stake in Jack in the Box by 136.7% in the 2nd quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after buying an additional 144,631 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Jack in the Box by 26.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after acquiring an additional 130,214 shares during the period. Squarepoint Ops LLC lifted its position in Jack in the Box by 296.5% during the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after acquiring an additional 101,064 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in Jack in the Box during the second quarter valued at about $3,311,000. Institutional investors 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.