Jack in the Box Inc. (NASDAQ:JACK) Receives $86.67 Average Price Target from Analysts

Jack in the Box Inc. (NASDAQ:JACK) has been given a consensus rating of “Hold” by the sixteen research firms that are currently covering the company, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $86.22.

Several research firms have recently commented on JACK. Truist Financial upped their price target on shares of Jack in the Box from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Piper Sandler cut their price objective on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating for the company in a research report on Wednesday. Barclays reduced their price objective on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, February 23rd. Morgan Stanley cut their price target on Jack in the Box from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Friday, April 12th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $98.00 price objective on shares of Jack in the Box in a research note on Thursday, February 22nd.

Insiders Place Their Bets

In related news, Director Michael W. Murphy sold 1,332 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total value of $96,676.56. Following the transaction, the director now owns 71,035 shares in the company, valued at approximately $5,155,720.30. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

Hedge funds have recently bought and sold shares of the business. LSV Asset Management lifted its stake in Jack in the Box by 74.4% in the 4th quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock valued at $81,342,000 after buying an additional 425,079 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of Jack in the Box in the fourth quarter worth approximately $11,424,000. Trexquant Investment LP increased its position in shares of Jack in the Box by 840.9% during the fourth quarter. Trexquant Investment LP now owns 129,763 shares of the restaurant operator’s stock worth $10,593,000 after purchasing an additional 115,972 shares in the last quarter. UBS Group AG raised its stake in Jack in the Box by 678.4% in the 4th quarter. UBS Group AG now owns 105,203 shares of the restaurant operator’s stock valued at $8,588,000 after purchasing an additional 91,688 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new position in Jack in the Box in the 3rd quarter valued at $4,786,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack in the Box Stock Performance

JACK stock opened at $55.23 on Monday. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.67 and a beta of 1.81. The firm has a 50 day moving average price of $64.74 and a 200-day moving average price of $71.23. Jack in the Box has a 52-week low of $53.71 and a 52-week high of $99.56.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share for the quarter, meeting the consensus estimate of $1.95. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The company had revenue of $487.50 million during the quarter, compared to the consensus estimate of $480.76 million. During the same quarter last year, the firm earned $2.01 earnings per share. The firm’s quarterly revenue was down 7.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Jack in the Box will post 6.38 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s dividend payout ratio (DPR) is presently 30.93%.

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.