Jack in the Box Inc. (NASDAQ:JACK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received an average rating of “Hold” from the seventeen research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $54.50.

JACK has been the topic of several research reports. Piper Sandler dropped their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Northcoast Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Morgan Stanley lowered their price objective on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Guggenheim cut their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Finally, Truist Financial reduced their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a report on Friday, November 22nd.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 2,190 shares of company stock worth $92,961 in the last ninety days. Insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC boosted its stake in shares of Jack in the Box by 3.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock worth $30,244,000 after acquiring an additional 25,881 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Jack in the Box by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock valued at $18,170,000 after purchasing an additional 47,851 shares in the last quarter. Clearline Capital LP grew its holdings in Jack in the Box by 4.1% during the third quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after purchasing an additional 10,304 shares during the period. Invenomic Capital Management LP bought a new stake in Jack in the Box during the third quarter valued at about $11,802,000. Finally, Barclays PLC increased its position in Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after buying an additional 89,649 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Stock Performance

JACK stock opened at $39.60 on Wednesday. The company has a market capitalization of $746.86 million, a price-to-earnings ratio of -20.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.94. The business’s 50 day moving average price is $41.32 and its two-hundred day moving average price is $45.79. Jack in the Box has a fifty-two week low of $36.36 and a fifty-two week high of $79.28.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.44%. 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.