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

Jack in the Box Inc. (NASDAQ:JACKGet Free Report) has earned a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $75.94.

A number of research analysts recently commented on the company. Loop Capital reduced their price target on Jack in the Box from $118.00 to $112.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. Bank of America reduced their target price on Jack in the Box from $87.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Barclays dropped their price target on shares of Jack in the Box from $80.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 15th. Piper Sandler reduced their price objective on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Finally, Truist Financial dropped their target price on shares of Jack in the Box from $99.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th.

View Our Latest Stock Analysis on Jack in the Box

Institutional Trading of Jack in the Box

Hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC grew its position in Jack in the Box by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box in the 3rd quarter valued at approximately $93,000. Headlands Technologies LLC bought a new stake in Jack in the Box during the 1st quarter valued at $97,000. Quadrant Capital Group LLC raised its stake in Jack in the Box by 21.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 276 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Jack in the Box by 9.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after acquiring an additional 179 shares during the period. 99.79% of the stock is currently owned by institutional investors.

Jack in the Box Stock Up 2.7 %

JACK opened at $51.51 on Tuesday. The firm’s 50 day moving average is $55.10 and its 200-day moving average is $67.89. Jack in the Box has a 52-week low of $49.83 and a 52-week high of $99.56. The firm has a market capitalization of $998.78 million, a P/E ratio of 9.07, a P/E/G ratio of 0.72 and a beta of 1.88.

Jack in the Box (NASDAQ:JACKGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. The firm had revenue of $365.40 million for the quarter, compared to the consensus estimate of $369.53 million. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.47 EPS. Equities analysts expect that Jack in the Box will post 6.31 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 3.42%. Jack in the Box’s dividend payout ratio is currently 30.99%.

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.

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

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