Jack in the Box Inc. (NASDAQ:JACK) Receives $47.82 Average Target Price from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK - Get Free Report) have received an average recommendation of "Hold" from the eighteen brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $46.88.

A number of brokerages have commented on JACK. Guggenheim restated a "buy" rating and issued a $55.00 price target on shares of Jack in the Box in a research report on Thursday, February 27th. Wedbush lowered shares of Jack in the Box from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Oppenheimer lowered 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 report on Tuesday, January 7th. StockNews.com upgraded shares of Jack in the Box from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, UBS Group lowered their target price 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.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Manning & Napier Advisors LLC grew its position in Jack in the Box by 91.6% in the first quarter. Manning & Napier Advisors LLC now owns 200,000 shares of the restaurant operator's stock worth $5,438,000 after acquiring an additional 95,618 shares in the last quarter. SG Americas Securities LLC raised its holdings in Jack in the Box by 69.8% during the 1st quarter. SG Americas Securities LLC now owns 19,501 shares of the restaurant operator's stock valued at $530,000 after buying an additional 8,017 shares during the period. GAMMA Investing LLC lifted its position in Jack in the Box by 1,034.0% in the first quarter. GAMMA Investing LLC now owns 11,964 shares of the restaurant operator's stock worth $325,000 after buying an additional 10,909 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Jack in the Box in the fourth quarter worth $1,945,000. Finally, Jefferies Financial Group Inc. bought a new position in Jack in the Box during the fourth quarter valued at $427,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Stock Performance

Shares of NASDAQ:JACK traded down $1.71 during midday trading on Monday, reaching $23.72. 2,185,276 shares of the company's stock traded hands, compared to its average volume of 646,951. Jack in the Box has a one year low of $22.01 and a one year high of $60.73. The company has a market cap of $447.22 million, a price-to-earnings ratio of -12.09, a P/E/G ratio of 1.29 and a beta of 1.81. The stock has a 50 day moving average of $30.52 and a 200 day moving average of $39.23.

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

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's payout ratio is -82.63%.

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.