Jack in the Box (NASDAQ:JACK) Receives Hold Rating from TD Securities

TD Securities reiterated their hold rating on shares of Jack in the Box (NASDAQ:JACK) in a report released on Wednesday,Benzinga reports. TD Securities currently has a $42.00 price objective on the restaurant operator’s stock.

A number of other analysts have also commented on JACK. Morgan Stanley cut their price target on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Royal Bank of Canada reissued an “outperform” rating and set a $55.00 price target on shares of Jack in the Box in a research note on Thursday, January 16th. Piper Sandler cut their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Truist Financial cut their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and a consensus price target of $49.56.

Jack in the Box Stock Down 0.5 %

NASDAQ:JACK opened at $38.44 on Wednesday. The stock’s 50-day simple moving average is $39.51 and its 200 day simple moving average is $44.42. The firm has a market capitalization of $724.82 million, a PE ratio of -19.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. Jack in the Box has a twelve month low of $32.69 and a twelve month high of $76.56.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. On average, analysts anticipate that Jack in the Box will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 4.58%. Jack in the Box’s payout ratio is currently -90.26%.

Insiders Place Their Bets

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box 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 directly owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders sold 2,190 shares of company stock worth $92,961. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jack in the Box

Hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Jack in the Box in the fourth quarter valued at approximately $1,945,000. Jefferies Financial Group Inc. acquired a new stake in Jack in the Box in the fourth quarter valued at approximately $427,000. PVG Asset Management Corp acquired a new stake in Jack in the Box in the fourth quarter valued at approximately $238,000. Public Employees Retirement System of Ohio acquired a new stake in Jack in the Box in the fourth quarter valued at approximately $40,000. Finally, Novem Group acquired a new stake in Jack in the Box in the fourth quarter valued at approximately $212,000. 99.79% of the stock is currently owned by institutional investors.

About Jack in the Box

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.