Jack in the Box (NASDAQ:JACK) Hits New 1-Year Low – Here’s Why

Jack in the Box Inc. (NASDAQ:JACK) shares reached a new 52-week low on Tuesday . The stock traded as low as $26.69 and last traded at $27.19, with a volume of 997486 shares. The stock had previously closed at $27.43.

Analysts Set New Price Targets

JACK has been the topic of several research analyst reports. Barclays reduced their price target on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus lowered their price target on Jack in the Box from $40.00 to $35.00 and set a “hold” rating for the company in a report on Monday, March 24th. TD Securities restated a “hold” rating and set a $42.00 price objective on shares of Jack in the Box in a research note on Wednesday, February 26th. UBS Group dropped their price objective 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. Finally, Truist Financial cut their target price on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $49.25.

Jack in the Box Stock Down 0.9 %

The business has a 50-day simple moving average of $36.32 and a two-hundred day simple moving average of $41.82. The stock has a market capitalization of $512.75 million, a price-to-earnings ratio of -13.94, a P/E/G ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping 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 firm had revenue of $469.44 million for the quarter, compared to analysts’ expectations of $470.47 million. On average, analysts forecast that Jack in the Box Inc. will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 6.47%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s payout ratio is -82.63%.

Institutional Investors Weigh In On Jack in the Box

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Invenomic Capital Management LP acquired a new position in shares of Jack in the Box in the 3rd quarter valued at $11,802,000. Raymond James Financial Inc. purchased a new stake in Jack in the Box during the fourth quarter valued at about $7,655,000. IPG Investment Advisors LLC boosted its holdings in shares of Jack in the Box by 59.2% in the fourth quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock worth $18,347,000 after buying an additional 163,834 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Jack in the Box by 178.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator’s stock worth $8,192,000 after acquiring an additional 126,101 shares in the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of Jack in the Box during the fourth quarter valued at approximately $4,249,000. 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.