Jack in the Box (NASDAQ:JACK) PT Lowered to $77.00

Jack in the Box (NASDAQ:JACKGet Rating) had its price target decreased by Robert W. Baird from $92.00 to $77.00 in a report published on Friday, The Fly reports. Robert W. Baird currently has a neutral rating on the restaurant operator’s stock.

Several other equities analysts have also commented on JACK. Gordon Haskett lowered Jack in the Box from a buy rating to a hold rating and set a $96.00 price objective for the company. in a research report on Monday, February 28th. Citigroup initiated coverage on Jack in the Box in a research report on Tuesday, April 12th. They set a neutral rating and a $104.00 price objective for the company. StockNews.com initiated coverage on Jack in the Box in a research report on Thursday, March 31st. They set a hold rating for the company. Zacks Investment Research raised Jack in the Box from a hold rating to a buy rating and set a $93.00 price objective for the company in a research report on Tuesday, April 26th. Finally, Oppenheimer reduced their price target on Jack in the Box from $115.00 to $107.00 and set an outperform rating for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Jack in the Box presently has a consensus rating of Hold and a consensus target price of $102.30.

Shares of JACK stock opened at $67.04 on Friday. The stock has a fifty day moving average of $84.22 and a 200 day moving average of $86.82. Jack in the Box has a 52 week low of $65.00 and a 52 week high of $122.70. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.55, a PEG ratio of 0.65 and a beta of 1.70.

Jack in the Box (NASDAQ:JACKGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The restaurant operator reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.36 by ($0.20). Jack in the Box had a negative return on equity of 19.33% and a net margin of 13.41%. The business had revenue of $322.29 million during the quarter, compared to analysts’ expectations of $340.81 million. During the same period in the previous year, the business earned $1.48 EPS. The business’s revenue was up 25.3% compared to the same quarter last year. As a group, research analysts predict that Jack in the Box will post 6.58 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 22nd. Stockholders of record on Tuesday, June 7th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.63%. Jack in the Box’s payout ratio is currently 25.07%.

In other news, Director Michael W. Murphy sold 859 shares of Jack in the Box stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $83.11, for a total transaction of $71,391.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in Jack in the Box by 36.3% in the 1st quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock worth $306,789,000 after purchasing an additional 874,419 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Jack in the Box by 10.1% in the 1st quarter. Vanguard Group Inc. now owns 2,254,354 shares of the restaurant operator’s stock worth $210,580,000 after purchasing an additional 207,183 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Jack in the Box by 32.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,759,872 shares of the restaurant operator’s stock worth $171,289,000 after purchasing an additional 431,014 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Jack in the Box in the 4th quarter worth approximately $106,700,000. Finally, Capital World Investors purchased a new position in Jack in the Box in the 1st quarter worth approximately $98,706,000. 99.09% of the stock is currently owned by institutional investors.

Jack in the Box Company Profile (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

Featured Articles

The Fly logo

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.