Jack in the Box (NASDAQ:JACK) Price Target Cut to $30.00 by Analysts at Royal Bank of Canada

Jack in the Box (NASDAQ:JACK) had its target price decreased by Royal Bank of Canada from $45.00 to $30.00 in a research note published on Thursday morning,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the company. UBS Group decreased their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Guggenheim reissued 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. Morgan Stanley dropped their price objective on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Barclays reduced their target price on shares of Jack in the Box from $40.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Finally, StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.78.

Jack in the Box Price Performance

NASDAQ JACK opened at $24.51 on Thursday. The stock has a market capitalization of $462.21 million, a P/E ratio of -12.57, a PEG ratio of 1.29 and a beta of 1.81. The firm’s 50-day moving average is $29.90 and its two-hundred day moving average is $38.93. Jack in the Box has a 12 month low of $22.01 and a 12 month high of $60.73.

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

Jack in the Box Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 7.18%. The ex-dividend date of this dividend was Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is -82.63%.

Hedge Funds Weigh In On Jack in the Box

Several large investors have recently bought and sold shares of JACK. Sei Investments Co. increased its position in shares of Jack in the Box by 2.0% during the fourth quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator’s stock worth $859,000 after purchasing an additional 413 shares in the last quarter. Quadrant Capital Group LLC increased its stake in 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 during the period. KBC Group NV increased its position in Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 616 shares during the period. GAMMA Investing LLC raised its stake in Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 735 shares during the last quarter. Finally, MML Investors Services LLC lifted its position in Jack in the Box by 20.3% during the 3rd 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 during the period. 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.