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

Jack in the Box Inc. (NASDAQ:JACK) has been assigned a consensus recommendation of “Hold” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $59.88.

Several equities research analysts recently issued reports on the company. 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. Guggenheim cut their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Stifel Nicolaus lowered their target price on shares of Jack in the Box from $55.00 to $52.00 and set a “hold” rating on the stock in a research note on Monday, December 9th. 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 research note on Wednesday, October 30th. Finally, UBS Group lowered their price objective on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders sold 2,343 shares of company stock valued at $100,601 in the last quarter. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Large investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale bought a new position in Jack in the Box during the 3rd quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Jack in the Box in the third quarter worth $185,000. MML Investors Services LLC boosted its holdings in Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after acquiring an additional 819 shares in the last quarter. Finally, Selway Asset Management purchased a new position in Jack in the Box during the 3rd quarter valued at $228,000. 99.79% of the stock is owned by institutional investors.

Jack in the Box Price Performance

NASDAQ JACK opened at $40.11 on Tuesday. The company’s 50 day simple moving average is $46.87 and its two-hundred day simple moving average is $48.93. The stock has a market capitalization of $755.31 million, a PE ratio of -20.57, a P/E/G ratio of 1.59 and a beta of 1.92. Jack in the Box has a 1 year low of $38.12 and a 1 year high of $86.20.

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 paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, December 12th. 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.