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

Jack in the Box Inc. (NASDAQ:JACK) has been assigned a consensus recommendation of “Hold” from the sixteen analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $69.35.

Several research analysts recently weighed in on the stock. Oppenheimer cut their price target on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Piper Sandler cut their target price on Jack in the Box from $60.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price target on Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group began coverage on Jack in the Box in a research report on Thursday, June 13th. They issued a “sell” rating and a $55.00 price objective on the stock. Finally, Bank of America decreased their target price on Jack in the Box from $77.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, August 19th.

Insider Buying and Selling at Jack in the Box

In other news, CEO Darin S. Harris sold 598 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total value of $30,880.72. Following the completion of the transaction, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Brian M. Scott sold 696 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the sale, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Darin S. Harris sold 598 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the completion of the transaction, the chief executive officer now owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The disclosure for this sale can be found here. Insiders have sold 1,348 shares of company stock valued at $67,476 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Jack in the Box

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Point72 Asset Management L.P. increased its holdings in shares of Jack in the Box by 386.9% in the second quarter. Point72 Asset Management L.P. now owns 30,190 shares of the restaurant operator’s stock worth $1,538,000 after purchasing an additional 23,990 shares during the period. Creative Planning grew its position in Jack in the Box by 129.5% during the second quarter. Creative Planning now owns 8,564 shares of the restaurant operator’s stock worth $436,000 after buying an additional 4,832 shares in the last quarter. Clearline Capital LP increased its stake in Jack in the Box by 136.7% in the 2nd quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock worth $12,757,000 after acquiring an additional 144,631 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after acquiring an additional 358 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of Jack in the Box by 10.2% in the 2nd quarter. Earnest Partners LLC now owns 240,784 shares of the restaurant operator’s stock valued at $12,266,000 after acquiring an additional 22,226 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box Stock Up 0.1 %

JACK stock opened at $42.88 on Friday. The firm has a market capitalization of $831.44 million, a PE ratio of 7.55, a P/E/G ratio of 0.71 and a beta of 1.95. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20. The stock’s 50 day moving average is $51.68 and its 200-day moving average is $57.02.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.14. The business had revenue of $369.17 million during the quarter, compared to analyst estimates of $371.81 million. Jack in the Box had a negative return on equity of 16.46% and a negative net margin of 2.30%. Jack in the Box’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.45 EPS. On average, equities research analysts anticipate that Jack in the Box will post 6.22 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, August 30th. Jack in the Box’s dividend payout ratio (DPR) is presently 30.99%.

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.