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

Jack in the Box (NASDAQ:JACK) had its price objective reduced by Barclays from $44.00 to $40.00 in a report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the restaurant operator’s stock.

Other research analysts have also recently issued research reports about the company. Piper Sandler reduced their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. UBS Group reduced their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and set a $55.00 price objective on shares of Jack in the Box in a research note on Thursday, January 16th. Finally, Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $50.00 to $40.00 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $49.56.

Jack in the Box Stock Down 0.5 %

Shares of NASDAQ:JACK opened at $38.44 on Wednesday. The company has a market cap of $724.82 million, a P/E ratio of -19.71, a P/E/G ratio of 1.29 and a beta of 1.94. Jack in the Box has a 52 week low of $32.69 and a 52 week high of $76.56. The business has a fifty day simple moving average of $39.51 and a 200-day simple moving average of $44.42.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, beating 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 firm had revenue of $469.44 million for the quarter, compared to analysts’ expectations of $470.47 million. Sell-side analysts expect that Jack in the Box will post 5.33 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 20th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

Insider Buying and Selling

In related news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 2,190 shares of company stock worth $92,961. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Jack in the Box

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sei Investments Co. increased its holdings in 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 buying an additional 413 shares during the last quarter. Quadrant Capital Group LLC increased its holdings 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 buying an additional 442 shares during the last quarter. KBC Group NV increased its holdings in 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 buying an additional 616 shares during the last quarter. GAMMA Investing LLC increased its holdings in 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 buying an additional 735 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in 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 buying an additional 819 shares during the last quarter. 99.79% of the stock is owned by institutional investors.

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.