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

Jack in the Box Inc. (NASDAQ:JACK) has earned a consensus recommendation of “Hold” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $60.38.

Several research analysts have commented on JACK shares. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Bank of America upped their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Piper Sandler lowered their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Truist Financial reduced their target price on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Oppenheimer reissued an “outperform” rating and set a $60.00 price target on shares of Jack in the Box in a report on Thursday, November 21st.

Jack in the Box Price Performance

Shares of JACK opened at $46.87 on Friday. Jack in the Box has a 1-year low of $40.84 and a 1-year high of $86.20. The stock has a market cap of $882.61 million, a PE ratio of -24.04, a price-to-earnings-growth ratio of 1.57 and a beta of 1.93. The firm has a fifty day moving average price of $46.55 and a 200 day moving average price of $50.04.

Jack in the Box Announces Dividend

The business 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. This represents a $1.76 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s dividend payout ratio is currently -90.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JACK. Victory Capital Management Inc. raised its stake in shares of Jack in the Box by 261.5% during the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after buying an additional 403,423 shares during the last quarter. Invenomic Capital Management LP acquired a new position in shares of Jack in the Box in the third quarter valued at approximately $11,802,000. Clearline Capital LP lifted its stake in shares of Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after buying an additional 144,631 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Jack in the Box by 26.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after acquiring an additional 130,214 shares during the last quarter. Finally, Squarepoint Ops LLC grew its stake in Jack in the Box by 296.5% in the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after acquiring an additional 101,064 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.