Jack in the Box (NASDAQ:JACK) Upgraded at StockNews.com

StockNews.com upgraded shares of Jack in the Box (NASDAQ:JACK) from a sell rating to a hold rating in a research report report published on Thursday.

A number of other equities analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Truist Financial dropped their price objective on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada reduced their target price on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Wednesday. TD Securities reaffirmed a “hold” rating and set a $42.00 price target on shares of Jack in the Box in a research note on Wednesday. Finally, Barclays cut their price target on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.56.

Jack in the Box Stock Down 0.5 %

JACK stock opened at $38.44 on Thursday. Jack in the Box has a 52 week low of $32.69 and a 52 week high of $76.56. The firm has a market capitalization of $724.90 million, a P/E ratio of -19.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The company has a fifty day simple moving average of $39.51 and a two-hundred day simple moving average of $44.34.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.21. The firm had revenue of $469.44 million for the quarter, compared to analysts’ expectations of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. As a group, analysts anticipate that Jack in the Box will post 5.33 EPS for the current year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s payout ratio is -82.63%.

Insider Activity

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 2,190 shares of company stock worth $92,961. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Several large investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its holdings in Jack in the Box by 96.7% during the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 442 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Jack in the Box during the 4th quarter valued at $40,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Jack in the Box in the 3rd quarter valued at $41,000. GAMMA Investing LLC raised its position in shares of Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 735 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after acquiring an additional 616 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

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.