Jack in the Box Inc. (NASDAQ:JACK) Receives $59.88 Average Price Target from Analysts

Jack in the Box Inc. (NASDAQ:JACK) has earned a consensus recommendation of “Hold” from the seventeen ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $59.88.

A number of brokerages have recently commented on JACK. Oppenheimer reaffirmed an “outperform” rating and issued a $60.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. Truist Financial decreased their price objective on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Wedbush dropped their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Guggenheim decreased their price target on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th.

Institutional Trading of Jack in the Box

Several large investors have recently bought and sold shares of JACK. Allspring Global Investments Holdings LLC raised its stake in shares of 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 worth $33,156,000 after buying an additional 85,461 shares during the last quarter. Victory Capital Management Inc. raised its position in Jack in the Box by 261.5% during the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after acquiring an additional 403,423 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Jack in the Box by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock valued at $18,081,000 after purchasing an additional 8,038 shares in the last quarter. Clearline Capital LP grew its position in shares of Jack in the Box by 4.1% in the third quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after purchasing an additional 10,304 shares during the last quarter. Finally, Invenomic Capital Management LP purchased a new position in shares of Jack in the Box during the 3rd quarter worth approximately $11,802,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Price Performance

JACK stock opened at $40.73 on Tuesday. The company has a market cap of $766.99 million, a price-to-earnings ratio of -20.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. The company has a fifty day moving average price of $46.96 and a 200 day moving average price of $49.16. Jack in the Box has a 12 month low of $38.12 and a 12 month high of $86.20.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 4.32%. Jack in the Box’s dividend payout ratio is presently -90.26%.

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.