Jack in the Box (NASDAQ:JACK) Sets New 12-Month Low – Here’s What Happened

Jack in the Box Inc. (NASDAQ:JACK) reached a new 52-week low during trading on Thursday . The stock traded as low as $30.54 and last traded at $30.74, with a volume of 535005 shares traded. The stock had previously closed at $31.00.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wedbush lowered shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $40.00 in a research note on Friday, February 21st. Truist Financial cut their target price on Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. UBS Group reduced their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley lowered 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 report on Tuesday, January 21st. Finally, Royal Bank of Canada reduced their price objective on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jack in the Box has a consensus rating of “Hold” and an average target price of $49.56.

Jack in the Box Price Performance

The firm has a market capitalization of $555.93 million, a PE ratio of -15.12, a P/E/G ratio of 1.29 and a beta of 1.95. The firm has a fifty day moving average price of $37.57 and a 200 day moving average price of $42.53.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 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 company had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. On average, sell-side analysts expect that Jack in the Box Inc. will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders 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 yield of 5.97%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is currently -82.63%.

Insider Transactions at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jack in the Box

Large investors have recently made changes to their positions in the business. Invenomic Capital Management LP purchased a new position in Jack in the Box during the third quarter valued at approximately $11,802,000. Raymond James Financial Inc. acquired a new stake in shares of Jack in the Box during the 4th quarter valued at $7,655,000. IPG Investment Advisors LLC grew its holdings in shares of Jack in the Box by 59.2% during the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock valued at $18,347,000 after acquiring an additional 163,834 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Jack in the Box by 178.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator’s stock worth $8,192,000 after acquiring an additional 126,101 shares during the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Jack in the Box during the fourth quarter worth $4,249,000. Institutional investors and hedge funds 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.