Investment Analysts’ Recent Ratings Changes for Jack in the Box (JACK)

Posted by Amber O'Connor on Nov 27th, 2024

Jack in the Box (NASDAQ: JACK) has recently received a number of price target changes and ratings updates:

11/22/2024 – Jack in the Box had its price target lowered by analysts at Truist Financial Co. from $70.00 to $57.00. They now have a “buy” rating on the stock.
11/21/2024 – Jack in the Box had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $60.00 price target on the stock.
11/21/2024 – Jack in the Box had its price target lowered by analysts at Royal Bank of Canada from $70.00 to $65.00. They now have an “outperform” rating on the stock.
11/21/2024 – Jack in the Box was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
11/21/2024 – Jack in the Box had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $51.00 to $46.00. They now have a “hold” rating on the stock.
11/21/2024 – Jack in the Box had its “hold” rating reaffirmed by analysts at TD Cowen. They now have a $50.00 price target on the stock.
11/21/2024 – Jack in the Box had its price target raised by analysts at Barclays PLC from $46.00 to $50.00. They now have an “equal weight” rating on the stock.
11/20/2024 – Jack in the Box had its price target lowered by analysts at Guggenheim from $95.00 to $60.00. They now have a “buy” rating on the stock.
11/18/2024 – Jack in the Box had its price target lowered by analysts at Wedbush from $60.00 to $50.00. They now have an “outperform” rating on the stock.
11/15/2024 – Jack in the Box had its price target lowered by analysts at Oppenheimer Holdings Inc. from $70.00 to $60.00. They now have an “outperform” rating on the stock.
11/14/2024 – Jack in the Box was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating.
11/4/2024 – Jack in the Box had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.
10/30/2024 – Jack in the Box had its price target lowered by analysts at Piper Sandler from $56.00 to $53.00. They now have a “neutral” rating on the stock.
10/22/2024 – Jack in the Box had its price target lowered by analysts at Barclays PLC from $57.00 to $46.00. They now have an “equal weight” rating on the stock.
10/22/2024 – Jack in the Box had its price target raised by analysts at Bank of America Co. from $72.00 to $73.00. They now have a “buy” rating on the stock.
10/21/2024 – Jack in the Box had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $55.00 to $47.00. They now have a “sell” rating on the stock.
10/16/2024 – Jack in the Box had its price target lowered by analysts at TD Cowen from $57.00 to $50.00. They now have a “hold” rating on the stock.
10/14/2024 – Jack in the Box had its price target lowered by analysts at Loop Capital from $87.00 to $70.00. They now have a “buy” rating on the stock.
10/4/2024 – Jack in the Box had its price target lowered by analysts at UBS Group AG from $55.00 to $50.00. They now have a “neutral” rating on the stock.

Jack in the Box Stock Performance

Shares of NASDAQ JACK traded up $0.09 during midday trading on Wednesday, reaching $46.68. The stock had a trading volume of 191,813 shares, compared to its average volume of 516,833. The stock has a 50-day moving average of $46.50 and a 200-day moving average of $50.06. The company has a market capitalization of $878.98 million, a price-to-earnings ratio of -23.94, a price-to-earnings-growth ratio of 1.57 and a beta of 1.93. Jack in the Box Inc. has a 12-month low of $40.84 and a 12-month high of $86.20.

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 given 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 3.77%. Jack in the Box’s dividend payout ratio (DPR) is currently -90.26%.

Insider Buying and Selling at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were 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 in the company, valued at approximately $642,360.66. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JACK. CANADA LIFE ASSURANCE Co increased its position in Jack in the Box by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock valued at $1,265,000 after purchasing an additional 790 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Jack in the Box by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock valued at $1,090,000 after buying an additional 644 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Jack in the Box in the 2nd quarter valued at about $3,311,000. Nisa Investment Advisors LLC boosted its stake in Jack in the Box by 15,439.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,128 shares of the restaurant operator’s stock worth $261,000 after purchasing an additional 5,095 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Jack in the Box by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock worth $12,505,000 after purchasing an additional 18,874 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.