Jack in the Box’s (JACK) Outperform Rating Reiterated at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Jack in the Box (NASDAQ:JACK) in a research report released on Thursday,Benzinga reports. Oppenheimer currently has a $60.00 price objective on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the stock. Guggenheim lowered their price target on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America lifted their target price on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. The Goldman Sachs Group reduced their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, October 21st. UBS Group lowered their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Finally, Loop Capital cut their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Stock Down 0.6 %

NASDAQ:JACK opened at $47.50 on Thursday. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20. The company has a market cap of $908.49 million, a P/E ratio of -24.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.93. The business has a 50 day moving average price of $46.34 and a two-hundred day moving average price of $50.18.

Jack in the Box Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s dividend payout ratio is presently -90.26%.

Insider Buying and Selling

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares in the company, valued at $642,360.66. This trade represents a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jack in the Box

A number of large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box in the 3rd quarter valued at $41,000. EntryPoint Capital LLC lifted its holdings in shares of Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares during the period. SG Americas Securities LLC bought a new position in Jack in the Box during the third quarter worth about $185,000. Finally, MML Investors Services LLC raised its stake in Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares in the last quarter. Institutional investors 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.