Oppenheimer Cuts Jack in the Box (NASDAQ:JACK) Price Target to $60.00

Jack in the Box (NASDAQ:JACK) had its price objective trimmed by Oppenheimer from $70.00 to $60.00 in a research note released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Several other equities research analysts have also recently commented on JACK. Truist Financial lowered their price target on Jack in the Box from $83.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $70.00 price target on shares of Jack in the Box in a research note on Monday, November 4th. Loop Capital reduced their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wedbush lowered their target price on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Finally, TD Cowen reduced their price target on Jack in the Box from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $63.44.

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $44.76 on Friday. Jack in the Box has a one year low of $40.84 and a one year high of $86.20. The business’s 50-day moving average price is $46.00 and its two-hundred day moving average price is $50.44. The company has a market capitalization of $856.26 million, a P/E ratio of -22.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.93.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Stockholders of record on Friday, August 30th were issued a dividend of $0.44 per share. The ex-dividend date was Friday, August 30th. This represents a $1.76 annualized dividend and a dividend yield of 3.93%. Jack in the Box’s payout ratio is -88.44%.

Insider Activity at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the transaction, the chief financial officer now directly owns 13,201 shares in the company, valued at approximately $642,360.66. This represents a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently bought and sold shares of JACK. EntryPoint Capital LLC lifted its stake in Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box during the 3rd quarter worth about $41,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the last quarter. MQS Management LLC acquired a new position in Jack in the Box in the first quarter valued at about $260,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Jack in the Box during the third quarter worth approximately $185,000. 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.