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

Jack in the Box Inc. (NASDAQ:JACK) has received a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $59.88.

A number of research analysts have issued reports on JACK shares. Barclays upped their target price on shares of 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. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. UBS Group cut their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 4th. Piper Sandler decreased their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Guggenheim dropped their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th.

Institutional Investors Weigh In On Jack in the Box

A number of hedge funds have recently bought and sold shares of the business. Aigen Investment Management LP increased its position in Jack in the Box by 238.5% in the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock worth $1,018,000 after buying an additional 15,409 shares during the period. Biglari Sardar grew its position in shares of Jack in the Box by 14.2% during the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock worth $4,501,000 after acquiring an additional 12,000 shares during the last quarter. Barclays PLC increased its holdings in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after acquiring an additional 89,649 shares during the period. Access Investment Management LLC bought a new stake in Jack in the Box in the 3rd quarter valued at about $1,475,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after purchasing an additional 130,214 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $38.71 on Tuesday. The firm’s 50-day moving average is $47.04 and its two-hundred day moving average is $49.28. The company has a market capitalization of $728.95 million, a PE ratio of -19.85, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. Jack in the Box has a 12-month low of $38.12 and a 12-month high of $86.20.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is 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 dividend payout ratio is currently -90.26%.

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.