Truist Financial Cuts Jack in the Box (NASDAQ:JACK) Price Target to $51.00

Jack in the Box (NASDAQ:JACK) had its target price decreased by Truist Financial from $57.00 to $51.00 in a research report report published on Wednesday,Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

A number of other research analysts have also issued reports on the stock. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th. Barclays decreased their price objective on Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday. Oppenheimer cut their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Stifel Nicolaus reduced their price target on Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Finally, UBS Group lowered their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $49.56.

Jack in the Box Trading Down 0.5 %

Shares of Jack in the Box stock opened at $38.44 on Wednesday. The stock has a market capitalization of $724.82 million, a price-to-earnings ratio of -19.71, a PEG ratio of 1.29 and a beta of 1.94. Jack in the Box has a twelve month low of $32.69 and a twelve month high of $76.56. The business’s 50 day simple moving average is $39.51 and its 200-day simple moving average is $44.42.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Sell-side analysts predict that Jack in the Box will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 annualized dividend and a dividend yield of 4.58%. Jack in the Box’s dividend payout ratio is currently -90.26%.

Insider Activity

In other news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction 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 $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 2,190 shares of company stock worth $92,961. Insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

Institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Jack in the Box in the fourth quarter worth about $1,945,000. Jefferies Financial Group Inc. purchased a new stake in shares of Jack in the Box in the 4th quarter valued at approximately $427,000. PVG Asset Management Corp acquired a new position in Jack in the Box in the 4th quarter worth approximately $238,000. Public Employees Retirement System of Ohio purchased a new position in Jack in the Box during the 4th quarter worth approximately $40,000. Finally, Novem Group acquired a new stake in Jack in the Box during the 4th quarter valued at $212,000. 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.