Jack in the Box (NASDAQ:JACK) Given New $40.00 Price Target at Barclays

Jack in the Box (NASDAQ:JACK) had its price objective lowered by Barclays from $44.00 to $40.00 in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

A number of other equities analysts have also issued reports on the company. UBS Group decreased their price objective on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Stifel Nicolaus decreased their price target on Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Truist Financial decreased their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Piper Sandler decreased their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Oppenheimer decreased their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $49.88.

Jack in the Box Price Performance

Shares of JACK stock opened at $37.94 on Wednesday. Jack in the Box has a 12-month low of $32.69 and a 12-month high of $76.56. The firm has a market capitalization of $715.40 million, a price-to-earnings ratio of -19.46, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The business has a 50 day simple moving average of $39.55 and a 200 day simple moving average of $44.56.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business had revenue of $469.44 million during the quarter, compared to analyst estimates of $470.47 million. On average, equities analysts anticipate that Jack in the Box will post 5.33 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio is presently -90.26%.

Insider Activity

In other news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 2,190 shares of company stock worth $92,961 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

A number of hedge funds have recently modified their holdings of the business. Sei Investments Co. lifted its holdings in shares of Jack in the Box by 2.0% in the fourth quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator’s stock valued at $859,000 after purchasing an additional 413 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 442 shares in the last quarter. KBC Group NV lifted its holdings in shares of 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 valued at $51,000 after purchasing an additional 616 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares in the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 819 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.