Stifel Nicolaus Cuts Jack in the Box (NASDAQ:JACK) Price Target to $40.00

Jack in the Box (NASDAQ:JACK) had its price target cut by Stifel Nicolaus from $52.00 to $40.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other research firms also recently issued reports on JACK. Loop Capital decreased their price target on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada reduced their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Oppenheimer dropped their target price on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Bank of America upped their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Jack in the Box presently has an average rating of “Hold” and an average price target of $58.35.

Jack in the Box Trading Down 2.4 %

JACK stock opened at $37.20 on Friday. The firm has a market cap of $700.51 million, a PE ratio of -19.08, a PEG ratio of 1.49 and a beta of 1.94. Jack in the Box has a 1 year low of $36.71 and a 1 year high of $81.01. The company has a fifty day simple moving average of $45.04 and a 200 day simple moving average of $47.81.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date was Thursday, December 12th. Jack in the Box’s dividend payout ratio is -90.26%.

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 stock was sold at an average price of $40.52, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 2,343 shares of company stock valued at $100,601. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Large investors have recently bought and sold shares of the stock. Invenomic Capital Management LP acquired a new stake in shares of Jack in the Box in the 3rd quarter valued at $11,802,000. Clearline Capital LP grew its stake in Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock worth $12,757,000 after buying an additional 144,631 shares during the last quarter. Squarepoint Ops LLC grew its stake in Jack in the Box by 296.5% during the second quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after buying an additional 101,064 shares during the last quarter. Barclays PLC raised its stake in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after acquiring an additional 89,649 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Jack in the Box by 13.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after acquiring an additional 85,461 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.

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.