Jack in the Box (NASDAQ:JACK) Reaches New 12-Month Low – Here’s Why

Jack in the Box Inc. (NASDAQ:JACK)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $28.82 and last traded at $28.84, with a volume of 900466 shares changing hands. The stock had previously closed at $30.62.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Oppenheimer lowered 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 report on Tuesday, January 7th. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Truist Financial dropped their price objective on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus cut their target price on shares of Jack in the Box from $40.00 to $35.00 and set a “hold” rating on the stock in a research note on Monday. Finally, Guggenheim reaffirmed a “buy” rating and set a $55.00 price target on shares of Jack in the Box in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.25.

Jack in the Box Trading Up 1.0 %

The firm has a market cap of $539.90 million, a P/E ratio of -14.68, a P/E/G ratio of 1.29 and a beta of 1.95. The business’s 50-day moving average is $36.77 and its two-hundred day moving average is $42.06.

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

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.76 dividend on an annualized basis and a yield of 6.15%. Jack in the Box’s dividend payout ratio (DPR) is presently -82.63%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its holdings in Jack in the Box by 12.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock worth $18,170,000 after acquiring an additional 47,851 shares during the period. Barclays PLC raised its holdings in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after purchasing an additional 89,649 shares in the last quarter. Biglari Sardar lifted its stake in Jack in the Box by 14.2% during the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock valued at $4,501,000 after purchasing an additional 12,000 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Jack in the Box during the fourth quarter worth approximately $7,655,000. Finally, Proficio Capital Partners LLC acquired a new position in Jack in the Box in the fourth quarter worth approximately $666,000. Institutional investors and hedge funds 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.