Jack in the Box Inc. (NASDAQ:JACK) Short Interest Update

Jack in the Box Inc. (NASDAQ:JACKGet Rating) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 1,960,000 shares, a decrease of 15.2% from the May 15th total of 2,310,000 shares. Based on an average trading volume of 429,200 shares, the short-interest ratio is currently 4.6 days. Currently, 9.5% of the shares of the company are sold short.

Shares of JACK traded up $1.72 during mid-day trading on Friday, reaching $59.46. 11,067 shares of the stock traded hands, compared to its average volume of 567,506. The stock has a fifty day simple moving average of $77.83 and a 200 day simple moving average of $84.05. Jack in the Box has a 12-month low of $57.04 and a 12-month high of $122.35. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 0.61 and a beta of 1.72.

Jack in the Box (NASDAQ:JACKGet Rating) last released its quarterly earnings results on Thursday, May 26th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.36 by ($0.20). The firm had revenue of $322.29 million for the quarter, compared to analysts’ expectations of $340.81 million. Jack in the Box had a negative return on equity of 18.18% and a net margin of 10.37%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period last year, the firm earned $1.48 EPS. As a group, research analysts predict that Jack in the Box will post 5.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 22nd. Shareholders of record on Tuesday, June 7th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Monday, June 6th. Jack in the Box’s payout ratio is 30.29%.

JACK has been the topic of a number of recent research reports. Oppenheimer dropped their price objective on Jack in the Box from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Tuesday, May 24th. Morgan Stanley reduced their price target on shares of Jack in the Box from $98.00 to $89.00 and set an “equal weight” rating for the company in a research report on Friday, May 27th. Credit Suisse Group cut their price objective on shares of Jack in the Box from $99.00 to $84.00 and set an “underperform” rating for the company in a research report on Friday, May 27th. UBS Group decreased their price target on shares of Jack in the Box from $93.00 to $85.00 and set a “na” rating on the stock in a research note on Wednesday, May 18th. Finally, StockNews.com initiated coverage on shares of Jack in the Box in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $100.76.

A number of large investors have recently bought and sold shares of JACK. Allspring Global Investments Holdings LLC acquired a new position in shares of Jack in the Box in the 4th quarter valued at about $106,700,000. Capital World Investors bought a new stake in shares of Jack in the Box in the 1st quarter worth approximately $98,706,000. BlackRock Inc. boosted its position in Jack in the Box by 36.3% during the 1st quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock valued at $306,789,000 after purchasing an additional 874,419 shares during the period. Bank of America Corp DE grew its stake in Jack in the Box by 6,023.1% during the 1st quarter. Bank of America Corp DE now owns 556,958 shares of the restaurant operator’s stock worth $52,025,000 after buying an additional 547,862 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Jack in the Box in the fourth quarter valued at $47,866,000. Institutional investors and hedge funds own 99.09% of the company’s stock.

Jack in the Box Company Profile (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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