Analysts Set Jack in the Box Inc. (NASDAQ:JACK) Price Target at $38.32

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been given an average rating of “Hold” by the eighteen brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $38.32.

JACK has been the subject of a number of research reports. Royal Bank of Canada decreased their target price on shares of Jack in the Box from $45.00 to $30.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group cut their price objective on Jack in the Box from $24.00 to $19.00 and set a “sell” rating for the company in a report on Wednesday, June 4th. Robert W. Baird reduced their price objective on Jack in the Box from $34.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, April 7th. Loop Capital lowered their target price on Jack in the Box from $65.00 to $61.00 and set a “buy” rating on the stock in a research note on Thursday, May 15th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $55.00 target price on shares of Jack in the Box in a research report on Thursday, February 27th.

Hedge Funds Weigh In On Jack in the Box

Several large investors have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its position in Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after buying an additional 442 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Jack in the Box in the fourth quarter worth $40,000. Signaturefd LLC increased its position in Jack in the Box by 1,973.4% during the first quarter. Signaturefd LLC now owns 1,638 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 1,559 shares during the period. KBC Group NV raised its stake in Jack in the Box by 99.5% during the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 616 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its stake in Jack in the Box by 7,023.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 2,107 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Trading Down 1.8%

NASDAQ:JACK opened at $19.50 on Tuesday. The business’s fifty day moving average price is $23.32 and its 200 day moving average price is $33.27. The firm has a market capitalization of $368.14 million, a price-to-earnings ratio of -10.00, a PEG ratio of 1.29 and a beta of 1.20. Jack in the Box has a 1-year low of $18.24 and a 1-year high of $60.73.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The company had revenue of $336.70 million for the quarter, compared to analysts’ expectations of $345.81 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.46 EPS. Equities analysts forecast that Jack in the Box will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.76 annualized dividend and a yield of 9.03%. Jack in the Box’s dividend payout ratio (DPR) is presently -16.21%.

About Jack in the Box

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.