Jack in the Box (NASDAQ:JACK) Price Target Lowered to $60.00 at Oppenheimer

Jack in the Box (NASDAQ:JACK) had its price objective reduced by Oppenheimer from $70.00 to $60.00 in a research note published on Friday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

JACK has been the topic of several other reports. UBS Group reduced their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. Wedbush decreased their price objective on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Truist Financial cut their target price on shares of 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. TD Cowen reduced their target price on Jack in the Box from $57.00 to $50.00 and set a “hold” rating on the stock in a report on Wednesday, October 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of Jack in the Box in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jack in the Box presently has an average rating of “Hold” and an average price target of $63.44.

Jack in the Box Stock Down 3.6 %

Shares of JACK stock traded down $1.65 during mid-day trading on Friday, reaching $44.76. The company’s stock had a trading volume of 783,160 shares, compared to its average volume of 506,883. The company’s 50 day simple moving average is $46.00 and its 200-day simple moving average is $50.52. Jack in the Box has a 12-month low of $40.84 and a 12-month high of $86.20. The firm has a market capitalization of $856.08 million, a PE ratio of -22.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.93.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $0.44 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.93%. Jack in the Box’s dividend payout ratio (DPR) is -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 that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Trading of Jack in the Box

A number of hedge funds have recently modified their holdings of JACK. BNP Paribas Financial Markets lifted its holdings in shares of Jack in the Box by 6.3% during the 1st quarter. BNP Paribas Financial Markets now owns 17,581 shares of the restaurant operator’s stock valued at $1,204,000 after buying an additional 1,039 shares during the last quarter. Seven Eight Capital LP bought a new position in shares of Jack in the Box during the 1st quarter valued at $1,096,000. UniSuper Management Pty Ltd acquired a new stake in shares of Jack in the Box in the 1st quarter valued at $425,000. CANADA LIFE ASSURANCE Co boosted its holdings in Jack in the Box by 4.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock worth $1,265,000 after purchasing an additional 790 shares in the last quarter. Finally, MQS Management LLC bought a new stake in Jack in the Box in the first quarter worth $260,000. Hedge funds and other 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.