Truist Financial cut shares of Jack in the Box (NASDAQ:JACK - Free Report) from a buy rating to a hold rating in a research note released on Tuesday, Marketbeat Ratings reports. They currently have $22.00 price target on the restaurant operator's stock, down from their prior price target of $51.00.
Other research analysts have also issued reports about the stock. Robert W. Baird reduced their price objective on shares of Jack in the Box from $34.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. UBS Group dropped their price objective on Jack in the Box from $44.00 to $27.00 and set a "neutral" rating on the stock in a report on Thursday, May 15th. Guggenheim reaffirmed a "buy" rating and set a $55.00 target price on shares of Jack in the Box in a report on Thursday, February 27th. Royal Bank of Canada decreased their price target on Jack in the Box from $45.00 to $30.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, Stifel Nicolaus set a $32.00 price objective on shares of Jack in the Box and gave the company a "buy" rating in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.79.
Get Our Latest Stock Report on JACK
Jack in the Box Trading Down 4.1%
Shares of NASDAQ:JACK traded down $0.84 during midday trading on Tuesday, reaching $19.55. The company had a trading volume of 807,122 shares, compared to its average volume of 675,945. The company's 50 day moving average price is $24.94 and its 200 day moving average price is $35.29. The stock has a market cap of $369.08 million, a P/E ratio of -10.03, a P/E/G ratio of 1.29 and a beta of 1.35. Jack in the Box has a 52-week low of $19.40 and a 52-week high of $60.73.
Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.07. The company had revenue of $336.70 million for 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 firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.46 EPS. Research analysts forecast that Jack in the Box will post 5.33 EPS for the current fiscal year.
Jack in the Box Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Thursday, March 20th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 9.00%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box's dividend payout ratio (DPR) is -16.21%.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Callodine Capital Management LP grew its position in Jack in the Box by 121.3% during the first quarter. Callodine Capital Management LP now owns 675,667 shares of the restaurant operator's stock valued at $18,371,000 after acquiring an additional 370,290 shares during the last quarter. IPG Investment Advisors LLC grew its position in Jack in the Box by 54.8% during the first quarter. IPG Investment Advisors LLC now owns 681,935 shares of the restaurant operator's stock valued at $18,840,000 after acquiring an additional 241,316 shares during the last quarter. Raymond James Financial Inc. bought a new position in Jack in the Box during the fourth quarter valued at approximately $7,655,000. Invenomic Capital Management LP grew its position in Jack in the Box by 43.5% during the first quarter. Invenomic Capital Management LP now owns 511,954 shares of the restaurant operator's stock valued at $13,920,000 after acquiring an additional 155,197 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Jack in the Box by 178.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator's stock valued at $8,192,000 after acquiring an additional 126,101 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.
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.
Featured Stories
Before you consider Jack in the Box, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Jack in the Box wasn't on the list.
While Jack in the Box currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
