Jack in the Box (NASDAQ:JACK) PT Lowered to $75.00 at Morgan Stanley

Jack in the Box (NASDAQ:JACK) had its price objective trimmed by Morgan Stanley from $80.00 to $75.00 in a report released on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

JACK has been the topic of several other reports. TD Cowen reissued a hold rating and set a $82.00 price target on shares of Jack in the Box in a report on Wednesday, April 10th. Truist Financial raised their target price on Jack in the Box from $95.00 to $97.00 and gave the stock a buy rating in a report on Thursday, January 25th. Barclays decreased their target price on Jack in the Box from $86.00 to $80.00 and set an equal weight rating on the stock in a report on Friday, February 23rd. Wedbush raised Jack in the Box from a neutral rating to an outperform rating and raised their target price for the stock from $79.00 to $88.00 in a report on Thursday, March 14th. Finally, Robert W. Baird decreased their target price on Jack in the Box from $85.00 to $80.00 and set a neutral rating on the stock in a report on Thursday, February 22nd. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $86.67.

Jack in the Box Trading Down 1.8 %

JACK stock opened at $59.55 on Friday. The stock has a market capitalization of $1.17 billion, a PE ratio of 10.47, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76. Jack in the Box has a 12-month low of $59.29 and a 12-month high of $99.56. The stock’s 50 day simple moving average is $70.87 and its 200 day simple moving average is $72.31.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share for the quarter, meeting the consensus estimate of $1.95. The firm had revenue of $487.50 million for the quarter, compared to analysts’ expectations of $480.76 million. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The company’s revenue was down 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.01 EPS. On average, research analysts predict that Jack in the Box will post 6.39 earnings per share for the current year.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.96%. Jack in the Box’s payout ratio is 30.93%.

Insider Activity

In related news, Director Michael W. Murphy sold 1,332 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total value of $96,676.56. Following the completion of the transaction, the director now owns 71,035 shares of the company’s stock, valued at approximately $5,155,720.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bridge City Capital LLC lifted its holdings in shares of Jack in the Box by 3.4% in the 1st quarter. Bridge City Capital LLC now owns 31,951 shares of the restaurant operator’s stock valued at $2,188,000 after acquiring an additional 1,046 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Jack in the Box by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 179 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Jack in the Box by 1.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 125,208 shares of the restaurant operator’s stock worth $10,221,000 after purchasing an additional 2,151 shares during the last quarter. GSA Capital Partners LLP lifted its stake in Jack in the Box by 777.7% in the fourth quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock worth $2,760,000 after purchasing an additional 29,957 shares during the last quarter. Finally, JCP Investment Management LLC lifted its stake in Jack in the Box by 2.1% in the fourth quarter. JCP Investment Management LLC now owns 202,482 shares of the restaurant operator’s stock worth $16,529,000 after purchasing an additional 4,200 shares during 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.