Barclays Raises Jack in the Box (NASDAQ:JACK) Price Target to $50.00

Jack in the Box (NASDAQ:JACK) had its price objective lifted by Barclays from $46.00 to $50.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

Other equities analysts have also issued reports about the stock. UBS Group dropped 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. StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Northcoast Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. The Goldman Sachs Group lowered their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Finally, Wedbush cut their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday. One investment 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $62.00.

Jack in the Box Price Performance

Shares of NASDAQ:JACK traded down $0.48 during mid-day trading on Thursday, reaching $47.32. 91,416 shares of the company traded hands, compared to its average volume of 513,653. The company’s 50 day moving average price is $46.28 and its 200-day moving average price is $50.27. The firm has a market cap of $905.23 million, a PE ratio of -24.00, a PEG ratio of 1.06 and a beta of 1.93. Jack in the Box has a 52 week low of $40.84 and a 52 week high of $86.20.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.72%. Jack in the Box’s payout ratio is currently -88.44%.

Insider Activity

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. The trade was a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors have recently made changes to their positions in JACK. Barclays PLC raised its holdings in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after buying an additional 89,649 shares during the period. MML Investors Services LLC boosted its holdings 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 valued at $226,000 after acquiring an additional 819 shares during the period. XTX Topco Ltd bought a new stake in shares of Jack in the Box during the third quarter worth $429,000. EP Wealth Advisors LLC purchased a new stake in shares of Jack in the Box during the third quarter valued at $372,000. Finally, Stifel Financial Corp grew its holdings in shares of Jack in the Box by 111.6% in the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock worth $3,802,000 after purchasing an additional 43,086 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

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.