Jack in the Box Inc. (NASDAQ:JACK) Receives $54.50 Average Target Price from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have earned a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $54.50.

JACK has been the subject of several recent analyst reports. UBS Group dropped their target price on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Oppenheimer dropped their price objective on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. TD Cowen restated a “hold” rating and issued a $50.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group cut their price objective on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st.

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $39.60 on Wednesday. The stock has a market cap of $746.86 million, a PE ratio of -20.31, a price-to-earnings-growth ratio of 1.40 and a beta of 1.94. Jack in the Box has a 1 year low of $36.36 and a 1 year high of $79.28. The firm has a fifty day moving average price of $41.32 and a 200-day moving average price of $45.79.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were paid a $0.44 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.44%. Jack in the Box’s payout ratio is currently -90.26%.

Insider Transactions at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box 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 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,190 shares of company stock worth $92,961 in the last three months. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in shares of Jack in the Box in the 3rd quarter worth approximately $41,000. GAMMA Investing LLC boosted its stake in Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares during the period. KBC Group NV increased its position in Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 616 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Jack in the Box by 168.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 978 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Jack in the Box in the fourth quarter valued at $72,000. 99.79% of the stock is currently owned by hedge funds and other 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.