Jack in the Box (NASDAQ:JACK) Reaches New 12-Month Low at $57.47

Jack in the Box Inc. (NASDAQ:JACK)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $57.47 and last traded at $58.23, with a volume of 66249 shares trading hands. The stock had previously closed at $57.99.

Analysts Set New Price Targets

Several equities analysts have recently commented on JACK shares. Royal Bank of Canada raised their price target on Jack in the Box from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Northcoast Research raised Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, January 29th. Barclays dropped their price objective on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Wedbush raised Jack in the Box from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $79.00 to $88.00 in a research report on Thursday, March 14th. Finally, StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.67.

Jack in the Box Price Performance

The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.71, a P/E/G ratio of 0.69 and a beta of 1.81. The stock has a fifty day moving average of $66.74 and a 200 day moving average of $71.69.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, hitting analysts’ consensus estimates of $1.95. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The firm had revenue of $487.50 million during the quarter, compared to the consensus estimate of $480.76 million. During the same quarter in the previous year, the company posted $2.01 earnings per share. The company’s revenue was down 7.5% compared to the same quarter last year. As a group, equities analysts expect that Jack in the Box Inc. will post 6.38 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, March 14th. Jack in the Box’s dividend payout ratio is currently 30.93%.

Insider Activity at Jack in the Box

In related news, Director Michael W. Murphy sold 1,332 shares of Jack in the Box stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the transaction, the director now directly owns 71,035 shares in the company, valued at $5,155,720.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. LSV Asset Management increased its position in shares of Jack in the Box by 74.4% in the fourth quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock valued at $81,342,000 after buying an additional 425,079 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Jack in the Box by 11.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock valued at $40,814,000 after buying an additional 53,294 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Jack in the Box by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 358,800 shares of the restaurant operator’s stock valued at $29,289,000 after buying an additional 1,968 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Jack in the Box by 4.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 347,303 shares of the restaurant operator’s stock valued at $28,350,000 after buying an additional 15,061 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of Jack in the Box by 1.4% in the third quarter. Earnest Partners LLC now owns 270,106 shares of the restaurant operator’s stock valued at $18,654,000 after buying an additional 3,649 shares in the last quarter. 99.79% of the stock is currently 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.