Jack in the Box (NASDAQ:JACK) Price Target Cut to $44.00 by Analysts at UBS Group

Jack in the Box (NASDAQ:JACK) had its price target decreased by UBS Group from $50.00 to $44.00 in a research report released on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the restaurant operator’s stock.

JACK has been the subject of several other research reports. Piper Sandler reduced their target price on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Barclays upped 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. Guggenheim dropped their price target on 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. Loop Capital decreased their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Royal Bank of Canada dropped their target price on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.06.

Jack in the Box Trading Down 3.7 %

JACK opened at $38.97 on Tuesday. The stock’s fifty day simple moving average is $45.52 and its 200 day simple moving average is $47.95. Jack in the Box has a 1-year low of $38.12 and a 1-year high of $84.87. The stock has a market cap of $733.84 million, a PE ratio of -19.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Thursday, December 12th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.52%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Activity

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 stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 2,343 shares of company stock worth $100,601. Insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aigen Investment Management LP boosted its position in Jack in the Box by 238.5% during the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock worth $1,018,000 after buying an additional 15,409 shares during the period. Barclays PLC lifted its holdings 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 worth $10,060,000 after purchasing an additional 89,649 shares during the period. Biglari Sardar grew 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 worth $4,501,000 after purchasing an additional 12,000 shares during the last quarter. Access Investment Management LLC acquired a new stake in Jack in the Box in the third quarter valued at $1,475,000. Finally, Stifel Financial Corp raised its position in Jack in the Box by 111.6% during the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock worth $3,802,000 after purchasing an additional 43,086 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

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.