Jack in the Box Inc. (NASDAQ:JACK) Receives $59.88 Consensus PT from Analysts

Jack in the Box Inc. (NASDAQ:JACK) has earned a consensus recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $59.88.

Several analysts recently issued reports on the stock. Bank of America upped their price objective 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. Loop Capital dropped their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. StockNews.com lowered Jack in the Box from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th. Piper Sandler decreased 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. Finally, Wedbush cut 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 report on Monday, November 18th.

Jack in the Box Stock Performance

Shares of Jack in the Box stock opened at $38.71 on Tuesday. The firm has a 50-day simple moving average of $47.04 and a two-hundred day simple moving average of $49.28. Jack in the Box has a fifty-two week low of $38.12 and a fifty-two week high of $86.20. The company has a market cap of $728.95 million, a P/E ratio of -19.85, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.55%. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

Hedge Funds Weigh In On Jack in the Box

A number of large investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of Jack in the Box by 261.5% during the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after purchasing an additional 403,423 shares during the period. Invenomic Capital Management LP acquired a new position in Jack in the Box during the third quarter worth about $11,802,000. Clearline Capital LP increased its holdings in Jack in the Box by 136.7% in the second 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 in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after acquiring an additional 130,214 shares during the period. Finally, Squarepoint Ops LLC boosted its stake in shares of 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 in the last quarter. Hedge funds and other 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.