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

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been given a consensus rating of “Hold” by the sixteen brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $60.38.

Several brokerages have issued reports on JACK. Oppenheimer restated an “outperform” rating and issued a $60.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. TD Cowen reaffirmed a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Wedbush dropped their price target on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 18th. Truist Financial reduced their price target on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st.

Institutional Trading of Jack in the Box

Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 358 shares during the last quarter. EntryPoint Capital LLC increased its holdings in Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 366 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock valued at $255,000 after buying an additional 503 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Jack in the Box by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock worth $1,090,000 after buying an additional 644 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Jack in the Box by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock worth $1,265,000 after acquiring an additional 790 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Trading Up 0.6 %

Shares of Jack in the Box stock opened at $46.87 on Friday. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20. The firm’s 50-day moving average price is $46.55 and its 200 day moving average price is $50.04. The firm has a market capitalization of $882.61 million, a PE ratio of -24.04, a P/E/G ratio of 1.57 and a beta of 1.93.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s payout ratio is presently -90.26%.

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.