Stifel Nicolaus Cuts Jack in the Box (NASDAQ:JACK) Price Target to $35.00

Jack in the Box (NASDAQ:JACK) had its price target decreased by Stifel Nicolaus from $40.00 to $35.00 in a research report report published on Monday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

A number of other equities research analysts have also weighed in on the stock. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. TD Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a research report on Wednesday, February 26th. Truist Financial dropped their price objective on Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Wedbush lowered shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $40.00 in a research report on Friday, February 21st. Finally, Morgan Stanley cut their target price on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and an average target price of $49.25.

Jack in the Box Stock Performance

JACK stock opened at $28.36 on Monday. Jack in the Box has a fifty-two week low of $28.21 and a fifty-two week high of $70.81. The stock’s 50 day simple moving average is $36.99 and its 200 day simple moving average is $42.15. The company has a market cap of $534.81 million, a P/E ratio of -14.54, a price-to-earnings-growth ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million for the quarter, compared to analysts’ expectations of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. Equities analysts predict that Jack in the Box will post 5.33 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s payout ratio is currently -82.63%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Sei Investments Co. boosted its holdings in shares of Jack in the Box by 2.0% in the fourth quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator’s stock worth $859,000 after acquiring an additional 413 shares during the period. Quadrant Capital Group LLC grew its holdings in Jack in the Box by 96.7% during the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 442 shares in the last quarter. KBC Group NV grew its holdings in Jack in the Box by 99.5% during the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 616 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 735 shares during the period. Finally, MML Investors Services LLC lifted 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 worth $226,000 after buying an additional 819 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other 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.