Jack in the Box (NASDAQ:JACK) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Jack in the Box (NASDAQ:JACK) from a sell rating to a hold rating in a report published on Friday morning.

JACK has been the subject of several other reports. Royal Bank of Canada lowered their price target on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Bank of America raised their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Wedbush reduced their price target on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 18th. TD Cowen reissued a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research report on Thursday, November 21st. Finally, Stifel Nicolaus cut their price objective on shares of Jack in the Box from $55.00 to $52.00 and set a “hold” rating on the stock in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $59.88.

Jack in the Box Stock Up 5.2 %

JACK opened at $40.73 on Friday. The stock has a market cap of $766.99 million, a P/E ratio of -20.89, a P/E/G ratio of 1.59 and a beta of 1.92. Jack in the Box has a 12 month low of $38.12 and a 12 month high of $86.20. The company has a fifty day simple moving average of $46.96 and a 200 day simple moving average of $49.11.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 4.32%. Jack in the Box’s dividend payout ratio is -90.26%.

Institutional Investors Weigh In On Jack in the Box

Several large investors have recently made changes to their positions in JACK. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the third quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after purchasing an additional 1,354 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Jack in the Box in the 3rd quarter valued at about $185,000. MML Investors Services LLC raised its holdings in shares of 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 valued at $226,000 after purchasing an additional 819 shares during the period. Finally, Selway Asset Management acquired a new stake in Jack in the Box in the 3rd quarter valued at about $228,000. 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.