Jack in the Box (NASDAQ:JACK - Free Report) had its target price decreased by The Goldman Sachs Group from $24.00 to $19.00 in a research report released on Wednesday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the restaurant operator's stock.
A number of other equities analysts have also issued reports on the company. Sanford C. Bernstein set a $24.00 target price on Jack in the Box in a research note on Tuesday, April 22nd. Wall Street Zen upgraded Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. UBS Group reduced their price objective 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. Stifel Nicolaus set a $32.00 price objective on Jack in the Box and gave the company a "buy" rating in a research note on Monday, April 28th. Finally, Royal Bank of Canada reduced their price objective on Jack in the Box from $45.00 to $30.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Jack in the Box presently has an average rating of "Hold" and an average price target of $38.32.
View Our Latest Stock Report on Jack in the Box
Jack in the Box Stock Down 4.0%
Shares of Jack in the Box stock traded down $0.81 during trading on Wednesday, reaching $19.45. The company's stock had a trading volume of 834,781 shares, compared to its average volume of 684,203. The company has a market cap of $367.20 million, a price-to-earnings ratio of -9.97, a P/E/G ratio of 1.29 and a beta of 1.20. Jack in the Box has a 1-year low of $18.24 and a 1-year high of $60.73. The company has a 50-day simple moving average of $23.84 and a two-hundred day simple moving average of $34.18.
Jack in the Box (NASDAQ:JACK - Get Free Report) last issued 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 company had revenue of $336.70 million during the quarter, compared to analyst estimates of $345.81 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the business posted $1.46 EPS. As a group, analysts anticipate 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 9.05%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's payout ratio is -16.21%.
Institutional Investors Weigh In On Jack in the Box
Several institutional investors have recently bought and sold shares of the company. LSV Asset Management boosted its holdings in Jack in the Box by 12.0% in the 1st quarter. LSV Asset Management now owns 998,197 shares of the restaurant operator's stock worth $27,141,000 after buying an additional 106,993 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings 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 last quarter. IPG Investment Advisors LLC boosted its holdings in shares of Jack in the Box by 54.8% during the 1st quarter. IPG Investment Advisors LLC now owns 681,935 shares of the restaurant operator's stock worth $18,840,000 after purchasing an additional 241,316 shares during the last quarter. Callodine Capital Management LP boosted its holdings in shares of Jack in the Box by 121.3% during the 1st quarter. Callodine Capital Management LP now owns 675,667 shares of the restaurant operator's stock worth $18,371,000 after purchasing an additional 370,290 shares during the last quarter. Finally, Invenomic Capital Management LP boosted its holdings in shares of Jack in the Box by 43.5% during the 1st quarter. Invenomic Capital Management LP now owns 511,954 shares of the restaurant operator's stock worth $13,920,000 after purchasing an additional 155,197 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.
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