Jack in the Box (NASDAQ:JACK) Given Hold Rating at TD Securities

TD Securities reissued their hold rating on shares of Jack in the Box (NASDAQ:JACK) in a research note released on Wednesday,Benzinga reports. TD Securities currently has a $42.00 price target on the restaurant operator’s stock.

A number of other equities research analysts also recently issued reports on JACK. StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Oppenheimer cut their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Morgan Stanley lowered their target price on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack in the Box currently has an average rating of “Hold” and a consensus price target of $49.88.

Jack in the Box Stock Up 11.8 %

NASDAQ:JACK opened at $37.94 on Wednesday. The stock’s 50 day moving average price is $39.55 and its 200 day moving average price is $44.56. The company has a market capitalization of $715.40 million, a PE ratio of -19.46, a P/E/G ratio of 1.29 and a beta of 1.94. Jack in the Box has a 52-week low of $32.69 and a 52-week high of $76.56.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. As a group, sell-side analysts anticipate that Jack in the Box will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s payout ratio is presently -90.26%.

Insiders Place Their Bets

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s 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 in the company, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,190 shares of company stock worth $92,961 over the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of JACK. Allspring Global Investments Holdings LLC raised its position in shares of Jack in the Box by 3.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock valued at $30,244,000 after acquiring an additional 25,881 shares during the last quarter. IPG Investment Advisors LLC grew its holdings in shares of Jack in the Box by 59.2% in the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock valued at $18,347,000 after buying an additional 163,834 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Jack in the Box by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock valued at $18,170,000 after buying an additional 47,851 shares during the period. Invenomic Capital Management LP grew its holdings in shares of Jack in the Box by 40.7% in the 4th quarter. Invenomic Capital Management LP now owns 356,757 shares of the restaurant operator’s stock valued at $14,855,000 after buying an additional 103,176 shares during the period. Finally, Clearline Capital LP grew its holdings in shares of Jack in the Box by 4.1% in the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after buying an additional 10,304 shares during the period. Institutional investors own 99.79% of the company’s stock.

About Jack in the Box

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.