Jack in the Box (NASDAQ:JACK) Sets New 52-Week Low – Time to Sell?

Jack in the Box Inc. (NASDAQ:JACK) hit a new 52-week low on Wednesday . The company traded as low as $40.72 and last traded at $40.88, with a volume of 361793 shares. The stock had previously closed at $42.85.

Analyst Ratings Changes

JACK has been the subject of a number of research analyst reports. Stifel Nicolaus decreased their price target on Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, December 9th. Oppenheimer reiterated an “outperform” rating and set a $60.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Piper Sandler reduced 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 research report on Wednesday, October 30th. Bank of America lifted their price objective on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Saturday, December 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $59.88.

Jack in the Box Trading Up 5.2 %

The stock has a fifty day simple moving average of $47.04 and a two-hundred day simple moving average of $49.28. The firm has a market cap of $766.99 million, a PE ratio of -20.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Aigen Investment Management LP boosted its stake in Jack in the Box by 238.5% during the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after buying an additional 15,409 shares during the period. Biglari Sardar boosted its position in shares of Jack in the Box by 14.2% during the 3rd quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock valued at $4,501,000 after acquiring an additional 12,000 shares during the last quarter. Barclays PLC boosted its position in shares of Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after acquiring an additional 89,649 shares during the last quarter. Access Investment Management LLC purchased a new position in shares of Jack in the Box during the third quarter worth about $1,475,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of Jack in the Box by 26.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after purchasing an additional 130,214 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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.