Jack in the Box (NASDAQ:JACK) PT Lowered to $55.00 at UBS Group

Jack in the Box (NASDAQ:JACK) had its price objective decreased by UBS Group from $60.00 to $55.00 in a research report sent to investors on Wednesday morning, Benzinga reports. UBS Group currently has a neutral rating on the restaurant operator’s stock.

JACK has been the subject of a number of other reports. Oppenheimer decreased their price objective on shares of Jack in the Box from $75.00 to $70.00 and set an outperform rating for the company in a report on Wednesday. Truist Financial decreased their price objective on shares of Jack in the Box from $83.00 to $70.00 and set a buy rating for the company in a report on Wednesday. Wedbush decreased their price objective on shares of Jack in the Box from $68.00 to $60.00 and set an outperform rating for the company in a report on Wednesday. Loop Capital cut their target price on shares of Jack in the Box from $118.00 to $112.00 and set a buy rating for the company in a research report on Wednesday, May 15th. Finally, Bank of America cut their target price on shares of Jack in the Box from $83.00 to $79.00 and set a buy rating for the company in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Jack in the Box has a consensus rating of Hold and a consensus price target of $71.61.

Jack in the Box Stock Up 1.8 %

Shares of NASDAQ JACK traded up $0.97 on Wednesday, reaching $53.53. 445,378 shares of the company’s stock traded hands, compared to its average volume of 490,386. Jack in the Box has a 12 month low of $46.10 and a 12 month high of $88.36. The business’s 50 day simple moving average is $53.26 and its two-hundred day simple moving average is $61.40. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 9.42, a price-to-earnings-growth ratio of 0.76 and a beta of 1.91.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The company had revenue of $369.17 million during the quarter, compared to analyst estimates of $371.81 million. During the same period in the previous year, the business earned $1.45 EPS. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. Analysts forecast that Jack in the Box will post 6.29 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Investors of record on Friday, August 30th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.76 annualized dividend and a yield of 3.29%. Jack in the Box’s payout ratio is 30.99%.

Insiders Place Their Bets

In related news, CEO Darin S. Harris sold 598 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the completion of the sale, the chief executive officer now owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 800 shares of company stock worth $41,514 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in Jack in the Box by 9.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 179 shares during the period. Quadrant Capital Group LLC grew its position in shares of Jack in the Box by 21.8% in the fourth quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 276 shares during the period. Illinois Municipal Retirement Fund grew its position in shares of Jack in the Box by 2.5% in the first quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator’s stock valued at $779,000 after purchasing an additional 277 shares during the period. EntryPoint Capital LLC grew its position in shares of Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 366 shares during the period. Finally, Inspire Investing LLC grew its position in shares of Jack in the Box by 8.8% in the first quarter. Inspire Investing LLC now owns 5,796 shares of the restaurant operator’s stock valued at $397,000 after purchasing an additional 471 shares during the period. Institutional investors and hedge funds 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.