Truist Financial Cuts Jack in the Box (NASDAQ:JACK) Price Target to $57.00

Jack in the Box (NASDAQ:JACK) had its target price trimmed by Truist Financial from $70.00 to $57.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also weighed in on JACK. The Goldman Sachs Group lowered their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, October 21st. Loop Capital dropped their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Guggenheim cut their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. TD Cowen reaffirmed a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a report on Thursday. Finally, Barclays lifted their price target on shares of Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Jack in the Box presently has an average rating of “Hold” and a consensus price target of $60.38.

Jack in the Box Price Performance

Shares of JACK stock opened at $47.50 on Friday. Jack in the Box has a one year low of $40.84 and a one year high of $86.20. The stock has a fifty day moving average price of $46.34 and a 200 day moving average price of $50.15. The stock has a market cap of $908.49 million, a P/E ratio of -24.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.93.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.71%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Buying and Selling at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. This represents a 5.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale bought a new position in shares of Jack in the Box during the 3rd quarter valued at about $41,000. EntryPoint Capital LLC raised its holdings in Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after buying an additional 1,354 shares during the period. SG Americas Securities LLC acquired a new position in shares of Jack in the Box in the third quarter valued at approximately $185,000. Finally, MML Investors Services LLC increased its position in shares of Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 819 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

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.