Jack in the Box (NASDAQ:JACK) Sets New 1-Year Low – Time to Sell?

Jack in the Box Inc. (NASDAQ:JACK)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $36.36 and last traded at $38.28, with a volume of 681462 shares. The stock had previously closed at $37.20.

Analysts Set New Price Targets

A number of research analysts have recently commented on JACK shares. Bank of America increased their price target on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada lowered their price objective on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. UBS Group reduced their target price on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Oppenheimer cut their price target on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a report on Tuesday, January 7th. Finally, Truist Financial lowered their target price on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $58.35.

Jack in the Box Stock Up 1.1 %

The stock has a fifty day moving average price of $44.30 and a two-hundred day moving average price of $47.50.

Jack in the Box Dividend Announcement

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 of this dividend was Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 4.45%. Jack in the Box’s dividend payout ratio (DPR) is -90.26%.

Insider Activity

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the sale, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 2,343 shares of company stock valued at $100,601 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in JACK. Aigen Investment Management LP grew its position in shares of Jack in the Box by 238.5% during the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after purchasing an additional 15,409 shares in the last quarter. Barclays PLC boosted its position in shares of Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after acquiring an additional 89,649 shares during the last quarter. Biglari Sardar grew its holdings in shares of Jack in the Box by 14.2% during the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock worth $4,501,000 after purchasing an additional 12,000 shares in the last quarter. Access Investment Management LLC purchased a new position in shares of Jack in the Box during the third quarter worth about $1,475,000. Finally, Stifel Financial Corp grew its stake in Jack in the Box by 111.6% in the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock worth $3,802,000 after buying an additional 43,086 shares in the last quarter. 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.