Jack in the Box (NASDAQ:JACK) Price Target Cut to $52.00 by Analysts at Oppenheimer

Jack in the Box (NASDAQ:JACK) had its price objective trimmed by Oppenheimer from $60.00 to $52.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Several other equities research analysts also recently commented on JACK. UBS Group reduced their price target on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday. Wedbush lowered their price objective on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Finally, The Goldman Sachs Group cut their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, October 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $59.06.

Jack in the Box Trading Down 3.7 %

NASDAQ JACK opened at $38.97 on Tuesday. Jack in the Box has a 1 year low of $38.12 and a 1 year high of $84.87. The company has a market cap of $733.84 million, a PE ratio of -19.98, a PEG ratio of 1.49 and a beta of 1.94. The stock’s 50-day moving average price is $45.52 and its two-hundred day moving average price is $47.95.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 4.52%. Jack in the Box’s payout ratio is currently -90.26%.

Insider Activity

In related news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 2,343 shares of company stock valued at $100,601 over the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

A number of hedge funds have recently bought and sold shares of JACK. Allspring Global Investments Holdings LLC lifted its position in shares of Jack in the Box by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after purchasing an additional 85,461 shares during the last quarter. Victory Capital Management Inc. increased its position in Jack in the Box by 261.5% during the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after acquiring an additional 403,423 shares during the period. Charles Schwab Investment Management Inc. increased its position in Jack in the Box by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock worth $18,081,000 after acquiring an additional 8,038 shares during the period. Clearline Capital LP boosted its holdings in Jack in the Box by 4.1% in the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after purchasing an additional 10,304 shares during the period. Finally, Invenomic Capital Management LP bought a new position in shares of Jack in the Box during the 3rd quarter worth about $11,802,000. 99.79% of the stock is currently owned by institutional investors.

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.