Jack in the Box Inc. (NASDAQ:JACK) Short Interest Update

Jack in the Box Inc. (NASDAQ:JACK) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,830,000 shares, a drop of 14.1% from the October 15th total of 2,130,000 shares. Approximately 9.9% of the shares of the stock are sold short. Based on an average trading volume of 535,000 shares, the short-interest ratio is currently 3.4 days.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Truist Financial cut their price objective on Jack in the Box from $83.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Oppenheimer decreased their price objective on Jack in the Box from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Piper Sandler reduced their target price on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. Finally, StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $62.81.

Jack in the Box Price Performance

NASDAQ JACK traded up $1.85 during mid-day trading on Monday, hitting $46.61. The company’s stock had a trading volume of 887,121 shares, compared to its average volume of 508,588. Jack in the Box has a 52-week low of $40.84 and a 52-week high of $86.20. The stock’s fifty day simple moving average is $46.00 and its two-hundred day simple moving average is $50.44. The firm has a market capitalization of $891.65 million, a P/E ratio of -23.49, a price-to-earnings-growth ratio of 0.70 and a beta of 1.93.

Jack in the Box Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s dividend payout ratio (DPR) is presently -88.44%.

Insider Activity

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $642,360.66. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

A number of large investors have recently modified their holdings of JACK. EntryPoint Capital LLC boosted its holdings in Jack in the Box by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 366 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box during the third quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares during the period. MQS Management LLC acquired a new stake in Jack in the Box during the 1st quarter valued at $260,000. Finally, SG Americas Securities LLC purchased a new stake in Jack in the Box during the 3rd quarter worth $185,000. Institutional investors and hedge funds 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.