Analysts Set Jack in the Box Inc. (NASDAQ:JACK) Target Price at $49.25

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received an average rating of “Hold” from the seventeen research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $49.25.

Several equities analysts have issued reports on JACK shares. Truist Financial cut their price objective on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Morgan Stanley dropped their price objective on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. TD Securities reaffirmed a “hold” rating and issued a $42.00 target price on shares of Jack in the Box in a research note on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and set a $55.00 price objective on shares of Jack in the Box in a report on Thursday, February 27th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its stake in shares of Jack in the Box by 3.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock worth $30,244,000 after purchasing an additional 25,881 shares during the period. IPG Investment Advisors LLC grew its stake in Jack in the Box by 59.2% in the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Jack in the Box by 12.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock valued at $18,170,000 after acquiring an additional 47,851 shares during the last quarter. Invenomic Capital Management LP raised its stake in shares of Jack in the Box by 40.7% during the fourth quarter. Invenomic Capital Management LP now owns 356,757 shares of the restaurant operator’s stock worth $14,855,000 after acquiring an additional 103,176 shares in the last quarter. Finally, Clearline Capital LP grew its position in Jack in the Box by 4.1% during the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock worth $12,134,000 after acquiring an additional 10,304 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Down 4.2 %

Shares of Jack in the Box stock opened at $27.43 on Thursday. The company’s fifty day simple moving average is $36.55 and its 200-day simple moving average is $41.94. Jack in the Box has a 1 year low of $27.32 and a 1 year high of $68.89. The company has a market cap of $517.27 million, a price-to-earnings ratio of -14.07, a PEG ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $470.47 million. As a group, research analysts forecast that Jack in the Box will post 5.33 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 6.42%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is currently -82.63%.

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.