Research Analysts’ Weekly Ratings Updates for Jack in the Box (JACK)

Jack in the Box (NASDAQ: JACK) recently received a number of ratings updates from brokerages and research firms:

• 11/4/2024 – Jack in the Box had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.
• 10/30/2024 – Jack in the Box had its price target lowered by analysts at Piper Sandler from $56.00 to $53.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Jack in the Box had its price target lowered by analysts at Barclays PLC from $57.00 to $46.00. They now have an “equal weight” rating on the stock.
• 10/22/2024 – Jack in the Box had its price target raised by analysts at Bank of America Co. from $72.00 to $73.00. They now have a “buy” rating on the stock.
• 10/21/2024 – Jack in the Box had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $55.00 to $47.00. They now have a “sell” rating on the stock.
• 10/16/2024 – Jack in the Box had its price target lowered by analysts at TD Cowen from $57.00 to $50.00. They now have a “hold” rating on the stock.
• 10/14/2024 – Jack in the Box had its price target lowered by analysts at Loop Capital from $87.00 to $70.00. They now have a “buy” rating on the stock.
• 10/4/2024 – Jack in the Box had its price target lowered by analysts at UBS Group AG from $55.00 to $50.00. They now have a “neutral” rating on the stock.
• 9/12/2024 – Jack in the Box had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $57.00 price target on the stock.

Jack in the Box Price Performance

Jack in the Box stock traded down $1.25 during trading hours on Wednesday, reaching $50.27. The company had a trading volume of 762,361 shares, compared to its average volume of 502,704. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20. The company has a 50-day moving average price of $46.12 and a 200 day moving average price of $51.06. The firm has a market cap of $961.67 million, a price-to-earnings ratio of -25.26, a P/E/G ratio of 0.73 and a beta of 1.93.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 EPS for the quarter, topping the consensus estimate of $1.51 by $0.14. The company had revenue of $369.17 million for the quarter, compared to the consensus estimate 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%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.45 earnings per share. As a group, research analysts expect that Jack in the Box Inc. will post 6.19 earnings per share for the current year.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Friday, August 30th. Jack in the Box’s dividend payout ratio (DPR) is -88.44%.

Insider Transactions at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the transaction, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. EntryPoint Capital LLC raised its stake in Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Jack in the Box in the 3rd quarter worth approximately $41,000. Headlands Technologies LLC purchased a new position in shares of Jack in the Box in the 1st quarter valued at approximately $97,000. MQS Management LLC bought a new stake in shares of Jack in the Box during the first quarter valued at approximately $260,000. Finally, SG Americas Securities LLC bought a new stake in shares of Jack in the Box during the third quarter valued at approximately $185,000. 99.79% of the stock is currently owned by institutional investors.

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.