Jack in the Box (NASDAQ:JACK) Sets New 12-Month Low After Analyst Downgrade

Jack in the Box Inc. (NASDAQ:JACK) shares reached a new 52-week low during trading on Wednesday after UBS Group lowered their price target on the stock from $50.00 to $44.00. UBS Group currently has a neutral rating on the stock. Jack in the Box traded as low as $37.01 and last traded at $37.82, with a volume of 84256 shares changing hands. The stock had previously closed at $38.97.

JACK has been the topic of a number of other reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Oppenheimer cut their price objective on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday. Guggenheim lowered their target price on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, Barclays boosted their target price on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and a consensus target price of $59.06.

Insider Activity at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders sold 2,343 shares of company stock valued at $100,601. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

A number of hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company boosted its stake in Jack in the Box by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock worth $496,000 after purchasing an additional 358 shares during the period. GAMMA Investing LLC grew its stake in shares of Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 819 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box in the third quarter valued at about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Price Performance

The stock’s 50-day moving average is $45.52 and its 200 day moving average is $47.95. The stock has a market cap of $713.13 million, a price-to-earnings ratio of -19.42, a P/E/G ratio of 1.49 and a beta of 1.94.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.65%. The ex-dividend date was Thursday, December 12th. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

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.