Jack in the Box (NASDAQ:JACK) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Jack in the Box (NASDAQ:JACK) from a hold rating to a sell rating in a research note released on Wednesday morning.

A number of other research analysts also recently issued reports on JACK. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Stifel Nicolaus cut their price objective on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, January 10th. Loop Capital decreased their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Wedbush cut their price target 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. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $58.35.

Jack in the Box Trading Up 1.1 %

Shares of JACK stock opened at $39.58 on Wednesday. Jack in the Box has a fifty-two week low of $36.36 and a fifty-two week high of $81.01. The stock has a 50 day simple moving average of $44.30 and a two-hundred day simple moving average of $47.50.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were paid a $0.44 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.45%. Jack in the Box’s payout ratio is -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 company’s stock in a transaction dated 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 directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 2,343 shares of company stock valued at $100,601 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

A number of hedge funds and other institutional investors have recently modified their holdings of the business. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box during the third quarter valued at approximately $41,000. GAMMA Investing LLC increased its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Jack in the Box during the 3rd quarter worth $185,000. Finally, MML Investors Services LLC boosted its holdings in shares of 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 worth $226,000 after buying an additional 819 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.