Jack in the Box (NASDAQ:JACK) PT Lowered to $67.00 at Piper Sandler

Jack in the Box (NASDAQ:JACK) had its price objective decreased by Piper Sandler from $81.00 to $67.00 in a research note published on Wednesday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock.

Other equities analysts have also issued reports about the company. Royal Bank of Canada boosted their price target on Jack in the Box from $78.00 to $82.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. Wedbush raised shares of Jack in the Box from a neutral rating to an outperform rating and raised their price target for the stock from $79.00 to $88.00 in a research report on Thursday, March 14th. Northcoast Research raised shares of Jack in the Box from a neutral rating to a buy rating and set a $95.00 price target on the stock in a report on Monday, January 29th. Morgan Stanley decreased their price objective on shares of Jack in the Box from $80.00 to $75.00 and set an equal weight rating for the company in a report on Friday, April 12th. Finally, Truist Financial upped their target price on shares of Jack in the Box from $95.00 to $97.00 and gave the company a buy rating in a research note on Thursday, January 25th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Jack in the Box currently has an average rating of Hold and a consensus price target of $86.22.

Jack in the Box Stock Up 0.6 %

NASDAQ JACK opened at $55.23 on Wednesday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.67 and a beta of 1.81. Jack in the Box has a fifty-two week low of $53.71 and a fifty-two week high of $99.56. The business has a fifty day moving average of $64.74 and a 200-day moving average of $71.23.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.95. The business had revenue of $487.50 million for the quarter, compared to analysts’ expectations of $480.76 million. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The business’s revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.01 earnings per share. As a group, analysts anticipate that Jack in the Box will post 6.38 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.76 annualized dividend and a dividend yield of 3.19%. Jack in the Box’s dividend payout ratio is currently 30.93%.

Insider Buying and Selling

In related news, Director Michael W. Murphy sold 1,332 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total value of $96,676.56. Following the sale, the director now directly owns 71,035 shares in the company, valued at approximately $5,155,720.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

A number of institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Jack in the Box by 17.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the restaurant operator’s stock worth $298,000 after acquiring an additional 635 shares in the last quarter. Inspire Investing LLC lifted its stake in Jack in the Box by 31.7% during the third quarter. Inspire Investing LLC now owns 4,912 shares of the restaurant operator’s stock valued at $339,000 after purchasing an additional 1,182 shares during the last quarter. TD Asset Management Inc bought a new stake in Jack in the Box during the third quarter worth approximately $1,077,000. Allspring Global Investments Holdings LLC grew its position in Jack in the Box by 3.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 446,693 shares of the restaurant operator’s stock worth $30,849,000 after buying an additional 15,708 shares during the last quarter. Finally, Panagora Asset Management Inc. bought a new position in shares of Jack in the Box in the third quarter valued at $4,786,000. 99.79% of the stock is 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.