Jack in the Box (NASDAQ:JACK) Hits New 12-Month Low – Here’s Why

Jack in the Box Inc. (NASDAQ:JACK)’s share price reached a new 52-week low on Tuesday . The company traded as low as $26.69 and last traded at $27.19, with a volume of 997486 shares changing hands. The stock had previously closed at $27.43.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on JACK. Stifel Nicolaus decreased their price objective on shares of Jack in the Box from $40.00 to $35.00 and set a “hold” rating for the company in a report on Monday, March 24th. Barclays decreased their price target on Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Truist Financial cut their price objective on Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, TD Securities restated a “hold” rating and issued a $42.00 price objective on shares of Jack in the Box in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $49.25.

Jack in the Box Stock Down 1.5 %

The business has a 50-day moving average of $35.83 and a two-hundred day moving average of $41.59. The firm has a market capitalization of $500.30 million, a price-to-earnings ratio of -13.61, a P/E/G ratio of 1.29 and a beta of 1.95.

Jack in the Box (NASDAQ:JACK) last announced 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. The company had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. Equities analysts predict that Jack in the Box Inc. will post 5.33 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Thursday, March 20th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 6.63%. The ex-dividend date of this dividend is Thursday, March 20th. Jack in the Box’s dividend payout ratio is -82.63%.

Institutional Trading of Jack in the Box

Several institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC acquired a new stake in Jack in the Box during the third quarter valued at approximately $241,000. Charles Schwab Investment Management Inc. boosted its stake in Jack in the Box by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock valued at $18,081,000 after buying an additional 8,038 shares in the last quarter. BNP Paribas Financial Markets grew its position in Jack in the Box by 47.2% in the third quarter. BNP Paribas Financial Markets now owns 11,699 shares of the restaurant operator’s stock valued at $544,000 after acquiring an additional 3,754 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 acquiring an additional 1,354 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Jack in the Box during the third quarter valued at $260,000. 99.79% of the stock is currently 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.