Jack in the Box Inc. (NASDAQ:JACK) Receives $58.35 Consensus Price Target from Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $58.35.

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Wedbush dropped their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 18th. Bank of America boosted their price target on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada dropped their price objective on 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.

Jack in the Box Price Performance

Shares of JACK stock opened at $39.58 on Friday. Jack in the Box has a one year low of $36.36 and a one year high of $81.01. The stock has a fifty day moving average price of $44.30 and a 200 day moving average price of $47.50. The stock has a market cap of $745.33 million, a P/E ratio of -20.30, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.45%. The ex-dividend date was Thursday, December 12th. Jack in the Box’s payout ratio is presently -90.26%.

Insiders Place Their Bets

In related news, SVP Sarah L. Super sold 1,688 shares of the firm’s 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 completion of the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders sold 2,343 shares of company stock valued at $100,601. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of JACK. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box during the third quarter valued at $41,000. GAMMA Investing LLC raised its holdings in Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 735 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its position in Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the period. SG Americas Securities LLC bought a new position in shares of Jack in the Box in the 3rd quarter valued at about $185,000. Finally, MML Investors Services LLC grew its position in shares of Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after buying an additional 819 shares during the period. 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.