Jack in the Box (NASDAQ:JACK) Price Target Cut to $50.00 by Analysts at Wedbush

Jack in the Box (NASDAQ:JACK) had its target price lowered by Wedbush from $60.00 to $50.00 in a research note issued to investors on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Jack in the Box’s Q4 2024 earnings at $1.10 EPS, FY2024 earnings at $6.17 EPS, Q1 2025 earnings at $1.78 EPS, Q2 2025 earnings at $1.27 EPS, Q3 2025 earnings at $1.46 EPS, Q4 2025 earnings at $1.27 EPS and FY2025 earnings at $5.77 EPS.

Other research analysts also recently issued research reports about the company. The Goldman Sachs Group cut their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, October 21st. Truist Financial reduced their target price on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Loop Capital cut their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, UBS Group lowered their target price on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. One 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.00.

Jack in the Box Trading Up 4.7 %

Jack in the Box stock opened at $47.76 on Monday. The business’s 50 day simple moving average is $46.28 and its 200 day simple moving average is $50.27. 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 cap of $913.55 million, a price-to-earnings ratio of -24.00, a PEG ratio of 1.06 and a beta of 1.93.

Jack in the Box Announces Dividend

The firm also recently disclosed 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. This represents a $1.76 annualized dividend and a dividend yield of 3.69%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s payout ratio is -88.44%.

Insider Buying and Selling

In other 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 sale, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The trade was a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

A number of large investors have recently modified their holdings of the company. Seven Eight Capital LP purchased a new stake in Jack in the Box during the first quarter valued at about $1,096,000. UniSuper Management Pty Ltd purchased a new stake in shares of Jack in the Box during the first quarter valued at approximately $425,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of 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 during the last quarter. MQS Management LLC purchased a new position in shares of Jack in the Box in the first quarter worth $260,000. Finally, EntryPoint Capital LLC raised its holdings in Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 366 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other 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.