Jack in the Box (NASDAQ:JACK) Sets New 1-Year Low at $57.66

Shares of Jack in the Box Inc. (NASDAQ:JACK) hit a new 52-week low on Monday . The company traded as low as $57.66 and last traded at $57.68, with a volume of 239965 shares trading hands. The stock had previously closed at $59.64.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JACK. Royal Bank of Canada raised their price objective on Jack in the Box from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Truist Financial lifted their price target on Jack in the Box from $95.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Morgan Stanley reduced their price target on Jack in the Box from $80.00 to $75.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. Barclays reduced their price target on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. Finally, Wedbush upgraded Jack in the Box from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $79.00 to $88.00 in a report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $86.67.

Jack in the Box Stock Performance

The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.72 and a beta of 1.76. The firm has a 50-day simple moving average of $68.46 and a two-hundred day simple moving average of $71.94.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data 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 negative return on equity of 17.24% and a net margin of 7.03%. The business had revenue of $487.50 million during the quarter, compared to the consensus estimate of $480.76 million. During the same period in the previous year, the company posted $2.01 earnings per share. The business’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, equities analysts forecast that Jack in the Box Inc. will post 6.38 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The business also recently disclosed 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s dividend payout ratio is presently 30.93%.

Insider Buying and Selling

In related news, Director Michael W. Murphy sold 1,332 shares of the business’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 transaction of $96,676.56. Following the completion of the sale, the director now owns 71,035 shares in the company, valued at $5,155,720.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JACK. SG Americas Securities LLC purchased a new stake in Jack in the Box in the third quarter valued at approximately $699,000. Community Capital Management LLC raised its stake in shares of Jack in the Box by 14.2% during the third quarter. Community Capital Management LLC now owns 13,700 shares of the restaurant operator’s stock worth $946,000 after purchasing an additional 1,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Jack in the Box by 17.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,315 shares of the restaurant operator’s stock worth $298,000 after purchasing an additional 635 shares during the last quarter. Inspire Investing LLC raised its stake in shares of 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 worth $339,000 after purchasing an additional 1,182 shares during the last quarter. Finally, TD Asset Management Inc purchased a new stake in shares of Jack in the Box during the third quarter worth approximately $1,077,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.