Jack in the Box (NASDAQ:JACK) Stock Price Down 6.6% – Time to Sell?

Jack in the Box Inc. (NASDAQ:JACK) was down 6.6% during trading on Tuesday . The stock traded as low as $35.36 and last traded at $34.95. Approximately 138,051 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 569,393 shares. The stock had previously closed at $37.42.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JACK shares. Oppenheimer decreased their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Truist Financial reduced their target price on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Royal Bank of Canada cut their price target on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Finally, TD Securities restated a “hold” rating and set a $42.00 price objective on shares of Jack in the Box in a research report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.56.

Jack in the Box Stock Down 6.9 %

The company has a fifty day moving average price of $38.69 and a 200 day moving average price of $43.41. The stock has a market cap of $587.05 million, a PE ratio of -15.96, a P/E/G ratio of 1.29 and a beta of 1.95.

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

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is -82.63%.

Insider Buying and Selling

In other Jack in the Box 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 sale, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Jack in the Box

Several hedge funds have recently made changes to their positions 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 valued at $30,244,000 after purchasing an additional 25,881 shares in the last quarter. IPG Investment Advisors LLC grew its position in shares of Jack in the Box by 59.2% in the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock worth $18,347,000 after buying an additional 163,834 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Jack in the Box by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock worth $18,170,000 after acquiring an additional 47,851 shares in the last quarter. Invenomic Capital Management LP lifted its position in Jack in the Box by 40.7% during the 4th quarter. Invenomic Capital Management LP now owns 356,757 shares of the restaurant operator’s stock valued at $14,855,000 after acquiring an additional 103,176 shares during the period. Finally, Clearline Capital LP boosted its stake 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 worth $12,134,000 after acquiring an additional 10,304 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other 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.