Jack in the Box (NASDAQ:JACK) Earns “Outperform” Rating from Oppenheimer

Oppenheimer reiterated their outperform rating on shares of Jack in the Box (NASDAQ:JACK) in a report published on Thursday,Benzinga reports. The firm currently has a $60.00 price target on the restaurant operator’s stock.

A number of other analysts have also recently weighed in on JACK. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. The Goldman Sachs Group dropped 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. Wedbush reduced their price target on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 18th. Northcoast Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Loop Capital lowered their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. One 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’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Stock Down 0.6 %

Shares of NASDAQ JACK opened at $47.50 on Thursday. The business has a 50-day moving average price of $46.34 and a 200 day moving average price of $50.15. The stock has a market cap of $908.49 million, a PE ratio of -24.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.93. Jack in the Box has a 52-week low of $40.84 and a 52-week high of $86.20.

Jack in the Box Announces Dividend

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

Insider Buying and Selling

In related news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the sale, the chief financial officer now directly owns 13,201 shares in the company, valued at $642,360.66. The trade was a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its stake in Jack in the Box by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after acquiring an additional 85,461 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after purchasing an additional 403,423 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Jack in the Box by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock worth $18,081,000 after acquiring an additional 8,038 shares during the period. Clearline Capital LP grew its holdings in Jack in the Box by 4.1% in the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after buying an additional 10,304 shares during the last quarter. Finally, Invenomic Capital Management LP bought a new position in Jack in the Box during the third quarter valued at about $11,802,000. 99.79% of the stock is owned by institutional investors.

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.