Jack in the Box’s (JACK) “Buy” Rating Reiterated at Guggenheim

Guggenheim reaffirmed their buy rating on shares of Jack in the Box (NASDAQ:JACK) in a research report released on Thursday morning,Benzinga reports. Guggenheim currently has a $55.00 price objective on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on JACK. Northcoast Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Barclays decreased their target price on Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday. Royal Bank of Canada decreased their target price on Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday. Morgan Stanley decreased their target price on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Finally, Piper Sandler decreased their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $49.56.

Jack in the Box Stock Performance

NASDAQ JACK opened at $38.44 on Thursday. Jack in the Box has a fifty-two week low of $32.69 and a fifty-two week high of $76.56. The stock has a 50 day simple moving average of $39.51 and a two-hundred day simple moving average of $44.34. The stock has a market cap of $724.90 million, a P/E ratio of -19.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. Sell-side analysts predict that Jack in the Box will post 5.33 earnings per share for the current year.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s payout ratio is -82.63%.

Insiders Place Their Bets

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders sold 2,190 shares of company stock valued at $92,961. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

A number of institutional investors and hedge funds have recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Jack in the Box in the 4th quarter worth $1,945,000. Jefferies Financial Group Inc. bought a new stake in shares of Jack in the Box in the 4th quarter worth $427,000. PVG Asset Management Corp bought a new stake in shares of Jack in the Box in the 4th quarter worth $238,000. Public Employees Retirement System of Ohio bought a new stake in shares of Jack in the Box in the 4th quarter worth $40,000. Finally, Novem Group purchased a new position in shares of Jack in the Box in the 4th quarter worth $212,000. 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.