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

Jack in the Box Inc. (NASDAQ:JACK) has been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $49.25.

Several research analysts have recently commented on JACK shares. UBS Group reduced their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Guggenheim reiterated a “buy” rating and issued a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Truist Financial reduced their target price on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Finally, TD Securities restated a “hold” rating and set a $42.00 price objective on shares of Jack in the Box in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On Jack in the Box

Institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of Jack in the Box by 96.7% during the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 442 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Jack in the Box during the fourth quarter worth $40,000. GAMMA Investing LLC lifted its stake in Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 735 shares during the last quarter. KBC Group NV increased its stake 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 valued at $51,000 after purchasing an additional 616 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Jack in the Box by 168.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock worth $65,000 after buying an additional 978 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Price Performance

Shares of JACK stock opened at $27.19 on Thursday. The company has a fifty day moving average price of $36.32 and a two-hundred day moving average price of $41.82. Jack in the Box has a one year low of $26.69 and a one year high of $68.89. The stock has a market cap of $512.75 million, a P/E ratio of -13.94, a P/E/G ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last issued 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 business had revenue of $469.44 million during the quarter, compared to the consensus estimate 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, equities research analysts anticipate that Jack in the Box will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s payout ratio is currently -82.63%.

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.