Jack in the Box (NASDAQ:JACK) Sets New 1-Year Low – Should You Sell?

Jack in the Box Inc. (NASDAQ:JACK) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $36.36 and last traded at $38.28, with a volume of 681462 shares traded. The stock had previously closed at $37.20.

Wall Street Analyst Weigh In

JACK has been the topic of a number of research analyst reports. Wedbush lowered their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Barclays lifted their price objective on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Jack in the Box presently has an average rating of “Hold” and a consensus price target of $58.35.

Jack in the Box Trading Up 1.1 %

The business’s fifty day moving average is $44.30 and its 200 day moving average is $47.50.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.45%. Jack in the Box’s dividend payout ratio is currently -90.26%.

Insider Activity at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the 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 completion of the sale, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 2,343 shares of company stock valued at $100,601. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors have recently bought and sold shares of JACK. Aigen Investment Management LP boosted its holdings in shares of 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 worth $1,018,000 after acquiring an additional 15,409 shares during the period. Barclays PLC lifted its holdings 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 worth $10,060,000 after acquiring an additional 89,649 shares during the period. Biglari Sardar increased its stake in Jack in the Box by 14.2% in the third 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. Access Investment Management LLC bought a new stake in Jack in the Box during the third quarter worth $1,475,000. Finally, Stifel Financial Corp increased its stake in shares of Jack in the Box by 111.6% in the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after purchasing an additional 43,086 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

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.