Jack in the Box Inc. (NASDAQ:JACK) Receives Consensus Rating of "Hold" from Brokerages

Jack in the Box Inc. (NASDAQ:JACK - Get Free Report) has been given an average rating of "Hold" by the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $38.32.

A number of equities analysts have recently commented on JACK shares. Sanford C. Bernstein set a $24.00 target price on shares of Jack in the Box in a research note on Tuesday, April 22nd. Robert W. Baird cut their price objective on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. The Goldman Sachs Group reduced their price objective on Jack in the Box from $24.00 to $19.00 and set a "sell" rating on the stock in a research note on Wednesday, June 4th. UBS Group lowered their target price on Jack in the Box from $44.00 to $27.00 and set a "neutral" rating for the company in a research note on Thursday, May 15th. Finally, Truist Financial downgraded Jack in the Box from a "buy" rating to a "hold" rating and dropped their target price for the company from $51.00 to $22.00 in a report on Tuesday, May 27th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Inspire Investing LLC increased its holdings in shares of Jack in the Box by 33.9% in the 1st quarter. Inspire Investing LLC now owns 14,313 shares of the restaurant operator's stock valued at $389,000 after acquiring an additional 3,625 shares during the last quarter. Bayforest Capital Ltd acquired a new position in Jack in the Box in the first quarter worth $618,000. Woodline Partners LP increased its stake in Jack in the Box by 63.8% during the first quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator's stock valued at $4,546,000 after purchasing an additional 65,142 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Jack in the Box during the first quarter valued at $368,000. Finally, Seven Six Capital Management LLC raised its holdings in shares of Jack in the Box by 64.3% during the first quarter. Seven Six Capital Management LLC now owns 126,200 shares of the restaurant operator's stock worth $3,431,000 after purchasing an additional 49,400 shares during the period. Institutional investors own 99.79% of the company's stock.

Jack in the Box Trading Down 3.7%

NASDAQ:JACK traded down $0.79 on Tuesday, hitting $20.78. 734,780 shares of the stock were exchanged, compared to its average volume of 689,092. The stock has a fifty day moving average of $23.61 and a 200-day moving average of $33.65. The stock has a market cap of $392.31 million, a PE ratio of -10.66, a PEG ratio of 1.29 and a beta of 1.20. Jack in the Box has a fifty-two week low of $18.24 and a fifty-two week high of $60.73.

Jack in the Box (NASDAQ:JACK - Get Free Report) last posted its earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. The firm had revenue of $336.70 million during the quarter, compared to the consensus estimate of $345.81 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The company's revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.46 EPS. As a group, analysts predict that Jack in the Box will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 8.47%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's dividend payout ratio is currently -16.21%.

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.