Barclays Raises Jack in the Box (NASDAQ:JACK) Price Target to $50.00

Jack in the Box (NASDAQ:JACK) had its target price increased by Barclays from $46.00 to $50.00 in a report released on Thursday,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

JACK has been the topic of a number of other research reports. The Goldman Sachs Group reduced their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st. TD Cowen restated a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a research report on Thursday. Wedbush lowered their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. StockNews.com cut Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Truist Financial lowered their target price on Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Jack in the Box has an average rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Stock Down 0.6 %

NASDAQ:JACK opened at $47.50 on Thursday. The business’s 50 day moving average is $46.34 and its two-hundred day moving average is $50.15. Jack in the Box has a 52 week low of $40.84 and a 52 week high of $86.20. The company has a market cap of $908.49 million, a PE ratio of -24.36, a P/E/G ratio of 1.49 and a beta of 1.93.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s payout ratio is -90.26%.

Insider Buying and Selling

In other news, CFO Brian M. Scott sold 696 shares of the firm’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 sale, the chief financial officer now owns 13,201 shares of the company’s stock, valued at $642,360.66. This trade represents a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Several hedge funds and other institutional investors have recently modified their holdings of JACK. DekaBank Deutsche Girozentrale acquired a new stake in shares of Jack in the Box in the third quarter worth $41,000. EntryPoint Capital LLC boosted its position 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 valued at $59,000 after purchasing an additional 366 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Jack in the Box by 172.3% during the third 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. SG Americas Securities LLC acquired a new stake in Jack in the Box during the third quarter valued at $185,000. Finally, MML Investors Services LLC boosted its position in Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 819 shares during the last quarter. 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.