Jack in the Box’s (JACK) “Outperform” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their outperform rating on shares of Jack in the Box (NASDAQ:JACK) in a research report sent to investors on Thursday,Benzinga reports. Royal Bank of Canada currently has a $55.00 price objective on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the company. Piper Sandler decreased their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays raised their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 21st. The Goldman Sachs Group dropped their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Truist Financial reduced their price target on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, UBS Group dropped their price objective 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. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $57.76.

Jack in the Box Stock Down 0.2 %

Shares of JACK opened at $39.52 on Thursday. The firm’s fifty day simple moving average is $44.08 and its two-hundred day simple moving average is $47.44. Jack in the Box has a 12 month low of $36.36 and a 12 month high of $81.01.

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 given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date of this dividend was Thursday, December 12th. Jack in the Box’s payout ratio is -90.26%.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the company’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 completion of the transaction, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders sold 2,343 shares of company stock worth $100,601. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. West Oak Capital LLC increased its holdings in Jack in the Box by 30,452.9% during the fourth quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock worth $891,000 after buying an additional 21,317 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 735 shares during the period. Barclays PLC increased its stake 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 worth $10,060,000 after purchasing an additional 89,649 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Jack in the Box in the 3rd quarter worth approximately $429,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.