Jack in the Box Inc. (NASDAQ:JACK) Receives Average Rating of “Hold” from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACKGet Free Report) have earned a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $78.00.

Several equities research analysts have recently weighed in on JACK shares. Morgan Stanley reduced their target price on shares of Jack in the Box from $75.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 15th. Barclays reduced their target price on shares of Jack in the Box from $80.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 15th. Bank of America reduced their target price on shares of Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday, May 15th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Finally, Loop Capital cut their price target on shares of Jack in the Box from $118.00 to $112.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th.

Get Our Latest Research Report on Jack in the Box

Jack in the Box Stock Up 0.8 %

Jack in the Box stock opened at $53.07 on Friday. Jack in the Box has a 52-week low of $52.01 and a 52-week high of $99.56. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.34, a PEG ratio of 0.75 and a beta of 1.81. The firm’s fifty day moving average is $58.51 and its 200 day moving average is $69.98.

Jack in the Box (NASDAQ:JACKGet Free Report) last announced its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.03. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The business had revenue of $365.40 million for the quarter, compared to the consensus estimate of $369.53 million. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Jack in the Box will post 6.31 earnings per share 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, June 25th. Shareholders of record on Thursday, June 6th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Thursday, June 6th. Jack in the Box’s payout ratio is 30.99%.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box 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 transaction of $96,676.56. Following the completion of the sale, the director now directly owns 71,035 shares of the company’s stock, valued at $5,155,720.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Several hedge funds have recently modified their holdings of JACK. Victory Capital Management Inc. lifted its position in shares of Jack in the Box by 12.5% during the third quarter. Victory Capital Management Inc. now owns 132,402 shares of the restaurant operator’s stock valued at $9,144,000 after buying an additional 14,701 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new position in shares of Jack in the Box in the 3rd quarter valued at approximately $824,000. Jump Financial LLC raised its position in shares of Jack in the Box by 99.9% in the 3rd quarter. Jump Financial LLC now owns 5,407 shares of the restaurant operator’s stock valued at $373,000 after purchasing an additional 2,702 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Jack in the Box by 35.8% in the 3rd quarter. New York State Common Retirement Fund now owns 25,688 shares of the restaurant operator’s stock valued at $1,774,000 after purchasing an additional 6,770 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Jack in the Box by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 356,832 shares of the restaurant operator’s stock valued at $24,643,000 after purchasing an additional 4,290 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

About Jack in the Box

(Get Free Report

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.

Further Reading

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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