Jack in the Box (NASDAQ:JACK) Stock Rating Upgraded by StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Jack in the Box (NASDAQ:JACK – Free Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

JACK has been the subject of several other reports. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Oppenheimer restated an “outperform” rating and set a $60.00 price objective on shares of Jack in the Box in a research report on Thursday, November 21st. Loop Capital reduced their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Guggenheim lowered their price target on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, Wedbush reduced their price objective on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.06.

Get Our Latest Stock Report on Jack in the Box

Jack in the Box Stock Performance

JACK stock opened at $38.13 on Tuesday. The company has a market capitalization of $718.03 million, a P/E ratio of -19.55, a PEG ratio of 1.49 and a beta of 1.94. The company has a fifty day moving average price of $45.04 and a 200-day moving average price of $47.81. Jack in the Box has a 52-week low of $37.01 and a 52-week high of $83.75.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were paid a $0.44 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.76 dividend on an annualized basis and a yield of 4.62%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Transactions at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction on Monday, December 23rd. The shares were 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 SEC, which can be accessed through the SEC website. Insiders have sold 2,343 shares of company stock valued at $100,601 over the last ninety days. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after acquiring an additional 403,423 shares during the last quarter. Quest Partners LLC increased its holdings in Jack in the Box by 39.4% during the 2nd quarter. Quest Partners LLC now owns 14,095 shares of the restaurant operator’s stock worth $718,000 after purchasing an additional 3,986 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Jack in the Box by 347.7% in the second quarter. Headlands Technologies LLC now owns 6,349 shares of the restaurant operator’s stock worth $323,000 after purchasing an additional 4,931 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Jack in the Box by 6.5% in the second quarter. Envestnet Asset Management Inc. now owns 98,975 shares of the restaurant operator’s stock valued at $5,042,000 after purchasing an additional 6,064 shares in the last quarter. Finally, Inspire Investing LLC boosted its position in shares of Jack in the Box by 31.9% during the second quarter. Inspire Investing LLC now owns 7,647 shares of the restaurant operator’s stock valued at $390,000 after buying an additional 1,851 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

About Jack in the Box

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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.

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