Analysts Set Jack in the Box Inc. (NASDAQ:JACK) PT at $58.35

Jack in the Box Inc. (NASDAQ:JACK) has earned a consensus recommendation of “Hold” from the seventeen research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $57.76.

JACK has been the subject of several analyst reports. TD Cowen reissued a “hold” rating and set a $50.00 price target on shares of Jack in the Box in a report on Thursday, November 21st. The Goldman Sachs Group reduced their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, October 21st. 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. Barclays lifted their price target on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $55.00 price objective on shares of Jack in the Box in a report on Thursday.

Jack in the Box Price Performance

NASDAQ:JACK opened at $38.66 on Friday. The firm has a market capitalization of $728.01 million, a P/E ratio of -19.83, a P/E/G ratio of 1.22 and a beta of 1.94. The business has a 50 day simple moving average of $43.72 and a 200 day simple moving average of $47.31. Jack in the Box has a 12-month low of $36.36 and a 12-month high of $81.01.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Thursday, December 12th were issued a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.55%. Jack in the Box’s payout ratio is currently -90.26%.

Insider Activity at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction 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 sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 2,343 shares of company stock valued at $100,601 over the last ninety days. Insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Inspire Investing LLC increased its position in shares of Jack in the Box by 10.2% in the fourth quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock worth $445,000 after acquiring an additional 993 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Jack in the Box by 53.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator’s stock worth $578,000 after purchasing an additional 4,838 shares during the period. SG Americas Securities LLC grew its position in Jack in the Box by 188.5% during the 4th quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock worth $478,000 after purchasing an additional 7,504 shares in the last quarter. West Oak Capital LLC raised its stake in Jack in the Box by 30,452.9% during the 4th quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock valued at $891,000 after purchasing an additional 21,317 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares in the last quarter. Institutional investors and hedge funds 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.