Jack in the Box (NASDAQ:JACK) Sets New 12-Month Low – Should You Sell?

Jack in the Box Inc. (NASDAQ:JACK)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $40.72 and last traded at $40.88, with a volume of 361793 shares traded. The stock had previously closed at $42.85.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Saturday, December 7th. Piper Sandler reduced their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Barclays boosted their target price on Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. UBS Group lowered their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Finally, Wedbush cut their price objective on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $59.88.

Jack in the Box Trading Down 6.4 %

The firm has a market capitalization of $754.93 million, a PE ratio of -20.56, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. The business’s 50 day simple moving average is $47.23 and its two-hundred day simple moving average is $49.42.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio is -90.26%.

Institutional Investors Weigh In On Jack in the Box

A number of large investors have recently made changes to their positions in JACK. DekaBank Deutsche Girozentrale bought a new position in shares of Jack in the Box in the 3rd quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. raised its position in Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares during the period. SG Americas Securities LLC purchased a new position in shares of Jack in the Box during the 3rd quarter worth $185,000. MML Investors Services LLC grew its position in shares of Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after acquiring an additional 819 shares during the period. Finally, Selway Asset Management purchased a new stake in shares of Jack in the Box in the 3rd quarter worth $228,000. 99.79% of the stock is currently owned by institutional investors.

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.