Jack in the Box Inc. (NASDAQ:JACK) Receives $58.35 Consensus PT from Brokerages

Jack in the Box Inc. (NASDAQ:JACK) has earned an average recommendation of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $58.35.

A number of analysts have issued reports on JACK shares. Wedbush reduced their price objective on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. The Goldman Sachs Group reduced their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Royal Bank of Canada lowered their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, UBS Group decreased their target price on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th.

Insider Buying and Selling

In other news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares in the company, 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 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 quarter. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jack in the Box

Several institutional investors have recently bought and sold shares of the business. West Oak Capital LLC lifted its holdings in Jack in the Box by 30,452.9% during the fourth quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock worth $891,000 after buying an additional 21,317 shares during the period. GAMMA Investing LLC lifted its position in shares of Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 735 shares during the last quarter. Barclays PLC boosted its holdings in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after buying an additional 89,649 shares in the last quarter. MML Investors Services LLC grew its position 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 worth $226,000 after buying 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 approximately $429,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Trading Up 2.9 %

Shares of JACK stock opened at $38.28 on Friday. The stock has a market capitalization of $720.85 million, a price-to-earnings ratio of -19.63, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94. Jack in the Box has a 12-month low of $36.36 and a 12-month high of $81.01. The stock’s 50-day moving average price is $44.54 and its 200-day moving average price is $47.58.

Jack in the Box Dividend Announcement

The company also recently declared 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 of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.60%. Jack in the Box’s payout ratio is -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.