Jack in the Box Inc. (NASDAQ:JACK) Receives $58.35 Average Target Price from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have earned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $57.76.

A number of brokerages have issued reports on JACK. Stifel Nicolaus decreased their target price on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Wedbush reduced their price objective on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. Guggenheim dropped their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. StockNews.com lowered Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, The Goldman Sachs Group dropped their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st.

Jack in the Box Stock Performance

JACK stock opened at $38.66 on Friday. The firm has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $47.31. Jack in the Box has a 52 week low of $36.36 and a 52 week high of $81.01. The stock has a market cap of $728.01 million, a P/E ratio of -19.83, a P/E/G ratio of 1.22 and a beta of 1.94.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were paid a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.55%. Jack in the Box’s payout ratio is presently -90.26%.

Insider Buying and Selling

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last 90 days, insiders sold 2,343 shares of company stock valued at $100,601. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aigen Investment Management LP boosted its holdings in Jack in the Box by 238.5% in the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after purchasing an additional 15,409 shares during the period. Barclays PLC raised its position in shares of Jack in the Box by 70.9% during the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after buying an additional 89,649 shares during the last quarter. Biglari Sardar lifted its stake in shares of Jack in the Box by 14.2% in the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock valued at $4,501,000 after buying an additional 12,000 shares during the period. Access Investment Management LLC acquired a new stake in Jack in the Box during the third quarter worth about $1,475,000. Finally, Stifel Financial Corp increased its stake in Jack in the Box by 111.6% during the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after acquiring an additional 43,086 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.