Analysts Set Jack in the Box Inc. (NASDAQ:JACK) Price Target at $59.88

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been assigned a consensus rating of “Hold” from the seventeen analysts that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $59.88.

A number of analysts have recently commented on the stock. Oppenheimer restated an “outperform” rating and set a $60.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. TD Cowen reiterated a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. UBS Group dropped their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Finally, Piper Sandler lowered their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

Jack in the Box Stock Performance

Shares of NASDAQ:JACK opened at $40.11 on Tuesday. Jack in the Box has a 52-week low of $38.12 and a 52-week high of $86.20. The firm has a market capitalization of $755.31 million, a P/E ratio of -20.57, a P/E/G ratio of 1.59 and a beta of 1.92. The stock has a 50 day moving average price of $46.87 and a 200-day moving average price of $48.93.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, December 12th. 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 business’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 2,343 shares of company stock valued at $100,601 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

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. DekaBank Deutsche Girozentrale purchased a new stake in Jack in the Box during the third quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares during the period. SG Americas Securities LLC bought a new stake in shares of Jack in the Box during the 3rd quarter valued at $185,000. MML Investors Services LLC increased its stake in shares of Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares in the last quarter. Finally, Selway Asset Management bought a new position in Jack in the Box in the 3rd quarter worth $228,000. Hedge funds and other 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.