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

Several analysts have recently updated their ratings and price targets for Jack in the Box (NASDAQ: JACK):

  • 1/29/2024 – Jack in the Box was upgraded by analysts at Northcoast Research from a “neutral” rating to a “buy” rating. They now have a $95.00 price target on the stock.
  • 1/26/2024 – Jack in the Box had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $83.00 price target on the stock.
  • 1/25/2024 – Jack in the Box had its price target raised by analysts at Royal Bank of Canada from $78.00 to $82.00. They now have an “outperform” rating on the stock.
  • 1/25/2024 – Jack in the Box had its price target lowered by analysts at Barclays PLC from $91.00 to $86.00. They now have an “equal weight” rating on the stock.
  • 1/25/2024 – Jack in the Box had its price target raised by analysts at Truist Financial Co. from $95.00 to $97.00. They now have a “buy” rating on the stock.
  • 1/19/2024 – Jack in the Box had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $83.00 price target on the stock.
  • 1/10/2024 – Jack in the Box had its price target raised by analysts at Truist Financial Co. from $86.00 to $95.00. They now have a “buy” rating on the stock.
  • 1/5/2024 – Jack in the Box had its price target raised by analysts at Oppenheimer Holdings Inc. from $90.00 to $98.00. They now have an “outperform” rating on the stock.

Jack in the Box Stock Performance

Shares of JACK stock traded down $1.92 during midday trading on Monday, reaching $77.02. 249,793 shares of the company were exchanged, compared to its average volume of 389,358. The company’s 50 day moving average price is $79.02 and its two-hundred day moving average price is $76.56. The company has a market cap of $1.52 billion, a P/E ratio of 12.23, a PEG ratio of 1.02 and a beta of 1.80. Jack in the Box Inc. has a 12 month low of $60.43 and a 12 month high of $99.56.

Jack in the Box (NASDAQ:JACKGet Free Report) last posted its quarterly earnings data on Tuesday, November 21st. The restaurant operator reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.05). The firm had revenue of $372.50 million during the quarter, compared to the consensus estimate of $372.48 million. Jack in the Box had a negative return on equity of 17.71% and a net margin of 7.73%. The firm’s quarterly revenue was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 EPS. As a group, sell-side analysts predict that Jack in the Box Inc. will post 6.39 earnings per share for the current year.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.29%. The ex-dividend date was Wednesday, December 13th. Jack in the Box’s dividend payout ratio is presently 27.94%.

Insider Transactions at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 605 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $68.01, for a total value of $41,146.05. Following the completion of the transaction, the senior vice president now directly owns 8,007 shares in the company, valued at $544,556.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Sarah L. Super sold 605 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $68.01, for a total value of $41,146.05. Following the completion of the sale, the senior vice president now owns 8,007 shares in the company, valued at $544,556.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Sarah L. Super sold 419 shares of Jack in the Box stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $81.56, for a total value of $34,173.64. Following the transaction, the senior vice president now owns 10,889 shares in the company, valued at approximately $888,106.84. The disclosure for this sale can be found here. Insiders have sold 20,176 shares of company stock valued at $1,502,063 over the last three months. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

A number of hedge funds have recently made changes to their positions in JACK. Tower Research Capital LLC TRC boosted its holdings in shares of Jack in the Box by 45.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock worth $54,000 after buying an additional 195 shares during the period. State of Tennessee Treasury Department grew its position in shares of Jack in the Box by 0.8% in the first quarter. State of Tennessee Treasury Department now owns 24,133 shares of the restaurant operator’s stock valued at $2,114,000 after purchasing an additional 201 shares during the last quarter. Ancora Advisors LLC bought a new position in shares of Jack in the Box in the first quarter worth about $25,000. Advisors Asset Management Inc. increased its stake in shares of Jack in the Box by 102.6% in the fourth quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 237 shares during the period. Finally, ProShare Advisors LLC lifted its position in shares of Jack in the Box by 8.0% during the 2nd quarter. ProShare Advisors LLC now owns 3,241 shares of the restaurant operator’s stock worth $316,000 after purchasing an additional 240 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

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