Jack in the Box Inc. (NASDAQ:JACK) Receives Average Recommendation of “Hold” from Analysts

Jack in the Box Inc. (NASDAQ:JACK) has been given an average recommendation of “Hold” by the seventeen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $59.88.

A number of equities analysts recently commented on JACK shares. Royal Bank of Canada lowered their target price on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. TD Cowen reissued a “hold” rating and issued a $50.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Oppenheimer restated an “outperform” rating and issued a $60.00 price objective on shares of Jack in the Box in a report on Thursday, November 21st. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Loop Capital dropped their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th.

Hedge Funds Weigh In On Jack in the Box

Several hedge funds have recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box in the 3rd quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. lifted its position in Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares during the last quarter. SG Americas Securities LLC acquired a new position in Jack in the Box in the third quarter valued at $185,000. MML Investors Services LLC grew its holdings in shares of Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the last quarter. Finally, Selway Asset Management purchased a new position in shares of Jack in the Box during the third quarter worth about $228,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box Stock Up 5.2 %

JACK opened at $40.73 on Tuesday. Jack in the Box has a 52 week low of $38.12 and a 52 week high of $86.20. The business has a fifty day simple moving average of $46.96 and a 200-day simple moving average of $49.16. The firm has a market cap of $766.99 million, a P/E ratio of -20.89, a P/E/G ratio of 1.59 and a beta of 1.92.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.32%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s payout ratio is -90.26%.

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.