The Goldman Sachs Group Has Lowered Expectations for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK - Free Report) had its target price lowered by The Goldman Sachs Group from $24.00 to $19.00 in a report published on Wednesday morning,Benzinga reports. The brokerage currently has a sell rating on the restaurant operator's stock.

A number of other equities analysts have also recently issued reports on JACK. Robert W. Baird cut their price objective on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Northcoast Research cut Jack in the Box from a "neutral" rating to a "sell" rating and set a $20.00 target price for the company. in a report on Monday, May 19th. Royal Bank of Canada dropped their target price on Jack in the Box from $45.00 to $30.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Guggenheim restated a "buy" rating and set a $55.00 target price on shares of Jack in the Box in a report on Thursday, February 27th. Finally, Truist Financial cut 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $38.32.

Jack in the Box Stock Up 4.3%

NASDAQ:JACK traded up $0.84 during mid-day trading on Wednesday, hitting $20.29. 629,881 shares of the stock traded hands, compared to its average volume of 686,235. The business's 50-day moving average price is $23.71 and its 200 day moving average price is $33.92. The company has a market cap of $383.05 million, a PE ratio of -10.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.20. Jack in the Box has a 12-month low of $18.24 and a 12-month high of $60.73.

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

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 8.67%. The ex-dividend date was Thursday, March 20th. Jack in the Box's payout ratio is -16.21%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JACK. Quadrant Capital Group LLC raised its position in shares of Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock worth $37,000 after acquiring an additional 442 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in Jack in the Box in the fourth quarter worth about $40,000. KBC Group NV raised its holdings in Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock worth $51,000 after buying an additional 616 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Jack in the Box by 168.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator's stock worth $65,000 after buying an additional 978 shares during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Jack in the Box by 1,973.4% during the first quarter. Signaturefd LLC now owns 1,638 shares of the restaurant operator's stock valued at $45,000 after purchasing an additional 1,559 shares during the last quarter. Institutional investors own 99.79% of the company's stock.

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.