Jack in the Box (NASDAQ:JACK) Given New $40.00 Price Target at Barclays

Jack in the Box (NASDAQ:JACK) had its price target decreased by Barclays from $44.00 to $40.00 in a research report sent to investors on Wednesday,Benzinga reports. Barclays currently has an equal weight rating on the restaurant operator’s stock.

Other equities research analysts have also issued research reports about the company. Truist Financial reduced their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Guggenheim cut their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Oppenheimer cut their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Finally, UBS Group cut their target price on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and an average price target of $49.88.

Jack in the Box Price Performance

JACK stock opened at $37.94 on Wednesday. The firm has a market capitalization of $715.40 million, a P/E ratio of -19.46, a P/E/G ratio of 1.29 and a beta of 1.94. The business’s 50-day moving average is $39.55 and its two-hundred day moving average is $44.56. Jack in the Box has a 1 year low of $32.69 and a 1 year high of $76.56.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. On average, analysts expect that Jack in the Box will post 5.33 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Thursday, March 20th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Thursday, March 20th. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 2,190 shares of company stock valued at $92,961. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

Several institutional investors and hedge funds have recently bought and sold shares of the company. PVG Asset Management Corp acquired a new stake in shares of Jack in the Box during the 4th quarter worth approximately $238,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Jack in the Box during the 4th quarter worth approximately $40,000. Novem Group acquired a new stake in shares of Jack in the Box during the 4th quarter worth approximately $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Jack in the Box by 16.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,676 shares of the restaurant operator’s stock worth $1,444,000 after purchasing an additional 5,022 shares during the period. Finally, Woodline Partners LP acquired a new stake in shares of Jack in the Box during the 4th quarter worth approximately $4,249,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

About Jack in the Box

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.