Jack in the Box Inc. (NASDAQ:JACK) Receives Average Rating of “Hold” from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received an average rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $64.06.

JACK has been the subject of a number of research analyst reports. Bank of America boosted their price objective on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. TD Cowen reduced their price target on Jack in the Box from $57.00 to $50.00 and set a “hold” rating for the company in a research note on Wednesday, October 16th. Morgan Stanley lowered their price objective on Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Wedbush reduced their target price on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Barclays lowered their price target on shares of Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 22nd.

Insider Transactions at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the transaction, the chief financial officer now directly owns 13,201 shares in the company, valued at $642,360.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

A number of hedge funds and other institutional investors have recently modified their holdings of JACK. Emerald Advisers LLC boosted its holdings in shares of Jack in the Box by 2.9% during the 3rd quarter. Emerald Advisers LLC now owns 200,067 shares of the restaurant operator’s stock valued at $9,311,000 after acquiring an additional 5,582 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Jack in the Box during the third quarter worth about $41,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Jack in the Box by 13.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after purchasing an additional 85,461 shares during the last quarter. Selway Asset Management acquired a new position in shares of Jack in the Box in the third quarter valued at approximately $228,000. Finally, Inspire Investing LLC boosted its position in Jack in the Box by 26.8% during the 3rd quarter. Inspire Investing LLC now owns 9,695 shares of the restaurant operator’s stock worth $451,000 after buying an additional 2,048 shares during the period. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Up 2.3 %

JACK stock opened at $50.37 on Monday. Jack in the Box has a 1-year low of $40.84 and a 1-year high of $86.20. The business’s 50 day simple moving average is $46.16 and its 200 day simple moving average is $51.23. The firm has a market capitalization of $963.38 million, a PE ratio of -25.31, a PEG ratio of 0.71 and a beta of 1.93.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. The company had revenue of $369.17 million during the quarter, compared to analysts’ expectations of $371.81 million. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. Jack in the Box’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. As a group, sell-side analysts predict that Jack in the Box will post 6.19 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s dividend payout ratio is presently -88.44%.

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.