Jack in the Box (NASDAQ:JACK) Given “Outperform” Rating at Oppenheimer

Oppenheimer reaffirmed their outperform rating on shares of Jack in the Box (NASDAQ:JACK) in a report published on Thursday,Benzinga reports. Oppenheimer currently has a $60.00 price target on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the stock. Piper Sandler decreased their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Barclays boosted their price target on Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday. Truist Financial reduced their price objective on Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group reduced their price target on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Stock Down 0.6 %

Shares of Jack in the Box stock opened at $47.50 on Thursday. Jack in the Box has a 12-month low of $40.84 and a 12-month high of $86.20. The company has a market capitalization of $908.49 million, a price-to-earnings ratio of -24.36, a PEG ratio of 1.49 and a beta of 1.93. The firm’s 50-day moving average price is $46.34 and its two-hundred day moving average price is $50.18.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, December 12th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.71%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Activity at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the sale, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. The trade was a 5.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

Hedge funds and other institutional investors have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box during the 3rd quarter valued at approximately $41,000. EntryPoint Capital LLC increased its position in shares of Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after buying an additional 1,354 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Jack in the Box during the 3rd quarter valued at about $185,000. Finally, MML Investors Services LLC raised 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 valued at $226,000 after purchasing an additional 819 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

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.