Jack in the Box (NASDAQ:JACK) Earns Sell Rating from Analysts at The Goldman Sachs Group

The Goldman Sachs Group assumed coverage on shares of Jack in the Box (NASDAQ:JACK) in a research note released on Thursday, MarketBeat Ratings reports. The firm issued a sell rating and a $55.00 price objective on the restaurant operator’s stock.

A number of other research analysts also recently commented on JACK. Barclays lowered their target price on Jack in the Box from $80.00 to $60.00 and set an equal weight rating on the stock in a research note on Wednesday, May 15th. StockNews.com upgraded Jack in the Box from a sell rating to a hold rating in a research note on Friday, March 1st. Truist Financial decreased their price target on Jack in the Box from $99.00 to $83.00 and set a buy rating for the company in a research note on Wednesday, May 15th. Robert W. Baird decreased their price target on Jack in the Box from $85.00 to $80.00 and set a neutral rating for the company in a research note on Thursday, February 22nd. Finally, TD Cowen reiterated a hold rating and set a $59.00 price target on shares of Jack in the Box in a research note on Thursday, June 6th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Jack in the Box presently has a consensus rating of Hold and a consensus target price of $75.94.

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $54.62 on Thursday. The business’s 50-day moving average price is $56.19 and its two-hundred day moving average price is $68.98. Jack in the Box has a one year low of $52.01 and a one year high of $99.56. The company has a market capitalization of $1.06 billion, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 0.76 and a beta of 1.88.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The firm had revenue of $365.40 million for the quarter, compared to the consensus estimate of $369.53 million. During the same quarter in the previous year, the company posted $1.47 earnings per share. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Jack in the Box will post 6.31 EPS for the current year.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Investors of record on Thursday, June 6th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 3.22%. Jack in the Box’s dividend payout ratio (DPR) is presently 30.99%.

Hedge Funds Weigh In On Jack in the Box

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Jack in the Box by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock worth $1,090,000 after buying an additional 644 shares during the period. EntryPoint Capital LLC increased its holdings in Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 366 shares in the last quarter. MQS Management LLC acquired a new stake in Jack in the Box during the 1st quarter valued at $260,000. CANADA LIFE ASSURANCE Co increased its holdings 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 in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new stake in Jack in the Box during the 1st quarter valued at $425,000. Institutional investors own 99.79% of the company’s stock.

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.