Jack in the Box (NASDAQ:JACK) Sets New 12-Month Low – Here’s What Happened

Jack in the Box Inc. (NASDAQ:JACK)’s stock price hit a new 52-week low on Thursday . The company traded as low as $30.54 and last traded at $30.74, with a volume of 535005 shares. The stock had previously closed at $31.00.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. TD Securities reiterated a “hold” rating and set a $42.00 price target on shares of Jack in the Box in a research note on Wednesday, February 26th. Morgan Stanley dropped their target price on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Wedbush lowered shares of Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $50.00 to $40.00 in a report on Friday, February 21st. Finally, Royal Bank of Canada cut their price target on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.56.

Jack in the Box Trading Down 4.1 %

The stock has a fifty day moving average of $37.57 and a two-hundred day moving average of $42.53. The stock has a market capitalization of $555.93 million, a price-to-earnings ratio of -15.12, a PEG ratio of 1.29 and a beta of 1.95.

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

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.76 annualized dividend and a dividend yield of 5.97%. Jack in the Box’s dividend payout ratio (DPR) is currently -82.63%.

Insider Activity at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the 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 transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

Large investors have recently made changes to their positions in the company. Invenomic Capital Management LP acquired a new stake in Jack in the Box in the third quarter worth about $11,802,000. Raymond James Financial Inc. acquired a new position in Jack in the Box during the 4th quarter valued at about $7,655,000. IPG Investment Advisors LLC boosted its stake in shares of Jack in the Box by 59.2% in the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock valued at $18,347,000 after purchasing an additional 163,834 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Jack in the Box by 178.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator’s stock worth $8,192,000 after buying an additional 126,101 shares during the period. Finally, Woodline Partners LP bought a new stake in shares of Jack in the Box during the fourth quarter worth approximately $4,249,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

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.