Jack in the Box Inc. (NASDAQ:JACK) Receives $49.56 Consensus Target Price from Analysts

Jack in the Box Inc. (NASDAQ:JACK - Get Free Report) has been assigned a consensus rating of "Hold" from the seventeen research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $49.56.

A number of equities analysts have recently weighed in on JACK shares. Truist Financial dropped their price target on shares of Jack in the Box from $57.00 to $51.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Oppenheimer dropped their price target on shares of 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. Morgan Stanley dropped their price target on shares of Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Wedbush downgraded shares of Jack in the Box from an "outperform" rating to a "neutral" rating and dropped their price target for the stock from $50.00 to $40.00 in a research note on Friday, February 21st. Finally, UBS Group dropped their price target on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th.

Insiders Place Their Bets

In other news, SVP Sarah L. Super sold 1,688 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was 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 directly owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 2,190 shares of company stock valued at $92,961 over the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Quadrant Capital Group LLC lifted its holdings in shares of Jack in the Box by 96.7% during the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock worth $37,000 after buying an additional 442 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Jack in the Box during the fourth quarter worth approximately $40,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box during the third quarter worth approximately $41,000. GAMMA Investing LLC lifted its holdings in shares of 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 last quarter. Finally, KBC Group NV lifted its holdings in shares of 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 worth $51,000 after buying an additional 616 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Trading Down 6.8 %

NASDAQ:JACK traded down $2.62 during trading hours on Friday, hitting $35.82. 848,951 shares of the stock traded hands, compared to its average volume of 669,599. The firm has a 50 day moving average price of $39.42 and a 200 day moving average price of $44.14. Jack in the Box has a fifty-two week low of $32.69 and a fifty-two week high of $76.56. The firm has a market cap of $675.49 million, a price-to-earnings ratio of -18.37, a PEG ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK - Get Free Report) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The company had revenue of $469.44 million for the quarter, compared to the consensus estimate of $470.47 million. Research analysts predict that Jack in the Box will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 4.91%. Jack in the Box's payout ratio is currently -82.63%.

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.