Jack in the Box Inc. (NASDAQ:JACK) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $60.38.

Several brokerages have commented on JACK. Wedbush decreased their price target on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. TD Cowen restated a “hold” rating and issued a $50.00 price objective on shares of Jack in the Box in a report on Thursday, November 21st. The Goldman Sachs Group reduced their price objective on shares of 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. UBS Group reduced their price objective on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Finally, StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, November 21st.

Jack in the Box Stock Down 2.8 %

Shares of JACK stock opened at $46.59 on Friday. Jack in the Box has a 52 week low of $40.84 and a 52 week high of $86.20. The stock has a market capitalization of $877.29 million, a PE ratio of -23.89, a P/E/G ratio of 1.34 and a beta of 1.93. The firm has a 50 day moving average of $46.44 and a two-hundred day moving average of $50.11.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.78%. Jack in the Box’s dividend payout ratio is presently -90.26%.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares in the company, valued at approximately $642,360.66. The trade was a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Jack in the Box

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after acquiring an additional 89,649 shares in the last quarter. MML Investors Services LLC boosted its holdings in shares of Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after acquiring an additional 819 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Jack in the Box in the third quarter valued at about $429,000. EP Wealth Advisors LLC purchased a new stake in shares of Jack in the Box in the third quarter valued at about $372,000. Finally, Stifel Financial Corp boosted its holdings in shares of Jack in the Box by 111.6% in the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after acquiring an additional 43,086 shares in the last quarter. Hedge funds and other institutional investors 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.