Jack in the Box Inc. (NASDAQ:JACK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $54.50.

JACK has been the subject of several research analyst reports. UBS Group decreased their price objective on shares of 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. Barclays upped their target price on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. Truist Financial cut their price target on 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. The Goldman Sachs Group reduced their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, October 21st. Finally, Bank of America raised their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd.

Jack in the Box Trading Down 4.8 %

Shares of NASDAQ:JACK opened at $40.53 on Wednesday. The firm has a 50 day simple moving average of $41.71 and a 200-day simple moving average of $46.04. The company has a market capitalization of $764.40 million, a PE ratio of -20.78, a P/E/G ratio of 1.40 and a beta of 1.94. Jack in the Box has a twelve month low of $36.36 and a twelve month high of $79.28.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were issued a $0.44 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.34%. Jack in the Box’s dividend payout ratio is currently -90.26%.

Insider Activity at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 2,190 shares of company stock worth $92,961 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new stake in Jack in the Box during the third quarter worth about $41,000. GAMMA Investing LLC lifted its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 735 shares during the period. KBC Group NV boosted its stake in shares of 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 worth $51,000 after acquiring an additional 616 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Jack in the Box by 168.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 978 shares during the period. Finally, R Squared Ltd purchased a new position in Jack in the Box in the 4th quarter valued at approximately $72,000. 99.79% of the stock is owned by institutional investors and hedge funds.

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.