Jack in the Box (NASDAQ:JACK) Sets New 1-Year Low on Analyst Downgrade

Jack in the Box Inc. (NASDAQ:JACK)’s share price hit a new 52-week low on Wednesday after UBS Group lowered their price target on the stock from $50.00 to $44.00. UBS Group currently has a neutral rating on the stock. Jack in the Box traded as low as $37.01 and last traded at $37.82, with a volume of 84256 shares changing hands. The stock had previously closed at $38.97.

JACK has been the subject of a number of other research reports. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday. The Goldman Sachs Group lowered their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. Royal Bank of Canada lowered their price target on shares of 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. TD Cowen reissued a “hold” rating and issued a $50.00 price target on shares of Jack in the Box in a report on Thursday, November 21st. Finally, Oppenheimer lowered their target price on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday. One 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 company. According to MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and a consensus target price of $59.06.

Insider Transactions at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the sale, the senior vice president now directly 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 legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 2,343 shares of company stock valued at $100,601 over the last three months. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors have recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box in the 3rd quarter valued at $41,000. GAMMA Investing LLC lifted its position in Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in 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 buying an additional 1,354 shares in the last quarter. SG Americas Securities LLC bought a new stake in Jack in the Box during the 3rd quarter worth about $185,000. Finally, MML Investors Services LLC lifted its position in Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after buying an additional 819 shares in the last quarter. 99.79% of the stock is owned by institutional investors.

Jack in the Box Stock Performance

The firm’s 50-day simple moving average is $45.04 and its 200 day simple moving average is $47.81. The stock has a market capitalization of $718.03 million, a P/E ratio of -19.55, a PEG ratio of 1.49 and a beta of 1.94.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.62%. Jack in the Box’s dividend payout ratio is presently -90.26%.

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.