Brokerages Set Jack in the Box Inc. (NASDAQ:JACK) Price Target at $86.83

Jack in the Box Inc. (NASDAQ:JACK) has been given a consensus recommendation of “Hold” by the sixteen research firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $86.67.

A number of analysts recently commented on JACK shares. Oppenheimer reiterated an “outperform” rating and issued a $98.00 target price on shares of Jack in the Box in a report on Thursday, February 22nd. Royal Bank of Canada boosted their target price on shares of Jack in the Box from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. TD Cowen reiterated a “hold” rating and issued a $82.00 target price on shares of Jack in the Box in a report on Wednesday, April 10th. Northcoast Research upgraded shares of Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 target price on the stock in a report on Monday, January 29th. Finally, Wedbush raised shares of Jack in the Box from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $79.00 to $88.00 in a research report on Thursday, March 14th.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, Director Michael W. Murphy sold 1,332 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the sale, the director now directly owns 71,035 shares in the company, valued at $5,155,720.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its stake in shares of Jack in the Box by 36.3% in the first quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock valued at $306,789,000 after buying an additional 874,419 shares during the period. Vanguard Group Inc. lifted its stake in shares of Jack in the Box by 0.4% in the third quarter. Vanguard Group Inc. now owns 2,337,186 shares of the restaurant operator’s stock valued at $173,116,000 after buying an additional 10,379 shares during the period. Capital World Investors bought a new stake in shares of Jack in the Box in the first quarter valued at about $98,706,000. LSV Asset Management lifted its stake in shares of Jack in the Box by 74.4% in the fourth quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock valued at $81,342,000 after buying an additional 425,079 shares during the period. Finally, State Street Corp lifted its stake in shares of Jack in the Box by 1.0% in the third quarter. State Street Corp now owns 738,907 shares of the restaurant operator’s stock valued at $54,731,000 after buying an additional 6,960 shares during the period. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Trading Down 3.3 %

JACK stock opened at $58.89 on Thursday. Jack in the Box has a 52 week low of $58.67 and a 52 week high of $99.56. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.72 and a beta of 1.76. The firm’s 50-day moving average is $69.87 and its two-hundred day moving average is $72.09.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, hitting analysts’ consensus estimates of $1.95. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The business had revenue of $487.50 million for the quarter, compared to the consensus estimate of $480.76 million. During the same period in the previous year, the firm earned $2.01 EPS. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. On average, equities research analysts predict that Jack in the Box will post 6.39 earnings per share for the current year.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 15th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s payout ratio is 30.93%.

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.