Jack in the Box (NASDAQ:JACK) Upgraded 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 released on Friday.

A number of other research firms have also weighed in on JACK. Oppenheimer reissued an “outperform” rating and set a $60.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. UBS Group cut their price objective on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. The Goldman Sachs Group decreased their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st. Piper Sandler cut their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.38.

Jack in the Box Trading Up 4.2 %

JACK opened at $48.85 on Friday. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20. The firm has a market capitalization of $919.89 million, a PE ratio of -25.05, a PEG ratio of 1.60 and a beta of 1.93. The firm’s 50-day moving average price is $46.68 and its 200 day moving average price is $49.97.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s payout ratio is currently -90.26%.

Institutional Investors Weigh In On Jack in the Box

Several hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after buying an additional 358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Jack in the Box by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after purchasing an additional 503 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Jack in the Box by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock valued at $1,090,000 after purchasing an additional 644 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Jack in the Box by 4.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock valued at $1,265,000 after purchasing an additional 790 shares during the period. Finally, MML Investors Services LLC boosted its holdings in 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 in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack in the Box Company Profile

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.