Royal Bank of Canada Reiterates Outperform Rating for Jack in the Box (NASDAQ:JACK)

Royal Bank of Canada reissued their outperform rating on shares of Jack in the Box (NASDAQ:JACKFree Report) in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a $55.00 target price on the restaurant operator’s stock.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their price target 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. UBS Group lowered their target price on 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. Stifel Nicolaus reduced their price target on Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Loop Capital lowered their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, The Goldman Sachs Group dropped their price objective on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $57.76.

View Our Latest Stock Report on Jack in the Box

Jack in the Box Trading Down 2.2 %

JACK opened at $38.66 on Thursday. Jack in the Box has a 12-month low of $36.36 and a 12-month high of $81.01. The firm has a 50 day moving average of $43.72 and a two-hundred day moving average of $47.31. The firm has a market capitalization of $727.97 million, a PE ratio of -19.83, a P/E/G ratio of 1.22 and a beta of 1.94.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were issued a dividend of $0.44 per share. 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 Transactions at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 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 Investors Weigh In On Jack in the Box

A number of hedge funds have recently modified their holdings of JACK. Inspire Investing LLC grew its stake in Jack in the Box by 10.2% during the 4th quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock valued at $445,000 after acquiring an additional 993 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Jack in the Box by 53.5% during 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 last quarter. SG Americas Securities LLC grew its position in shares of Jack in the Box by 188.5% in the fourth quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock valued at $478,000 after purchasing an additional 7,504 shares in the last quarter. West Oak Capital LLC grew its position in shares of Jack in the Box by 30,452.9% in the fourth 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 in the last quarter. Finally, GAMMA Investing LLC increased 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 during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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