Jack in the Box (NASDAQ:JACK) Sets New 1-Year Low at $57.66

Jack in the Box Inc. (NASDAQ:JACK) shares hit a new 52-week low during trading on Monday . The company traded as low as $57.66 and last traded at $57.68, with a volume of 239965 shares trading hands. The stock had previously closed at $59.64.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JACK shares. Northcoast Research upgraded Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, January 29th. Royal Bank of Canada raised their price target on Jack in the Box from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. TD Cowen restated a “hold” rating and issued a $82.00 price target on shares of Jack in the Box in a research report on Wednesday, April 10th. Oppenheimer reiterated an “outperform” rating and set a $98.00 target price on shares of Jack in the Box in a report on Thursday, February 22nd. Finally, StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Ten investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.67.

Jack in the Box Stock Down 1.8 %

The firm has a market cap of $1.15 billion, a P/E ratio of 10.27, a PEG ratio of 0.72 and a beta of 1.76. The business has a fifty day moving average of $68.46 and a 200 day moving average of $71.94.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, hitting analysts’ consensus estimates of $1.95. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The business had revenue of $487.50 million during the quarter, compared to analysts’ expectations of $480.76 million. During the same quarter last year, the company posted $2.01 earnings per share. Jack in the Box’s quarterly revenue was down 7.5% on a year-over-year basis. Research analysts expect that Jack in the Box Inc. will post 6.38 EPS for the current year.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s dividend payout ratio is presently 30.93%.

Insider Transactions at Jack in the Box

In other news, Director Michael W. Murphy sold 1,332 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the sale, the director now owns 71,035 shares in the company, valued at $5,155,720.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new stake in shares of Jack in the Box in the first quarter valued at approximately $701,000. Bridge City Capital LLC boosted its stake in shares of Jack in the Box by 3.4% in the first quarter. Bridge City Capital LLC now owns 31,951 shares of the restaurant operator’s stock valued at $2,188,000 after buying an additional 1,046 shares during the period. PNC Financial Services Group Inc. raised its position in Jack in the Box by 9.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock valued at $163,000 after purchasing an additional 179 shares in the last quarter. GSA Capital Partners LLP raised its position in Jack in the Box by 777.7% during the fourth quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock valued at $2,760,000 after purchasing an additional 29,957 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in Jack in the Box during the fourth quarter valued at approximately $11,424,000. 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.