Jack in the Box (NASDAQ:JACK) Given New $107.00 Price Target at Truist Financial

Jack in the Box (NASDAQ:JACK – Get Rating) had its price objective trimmed by Truist Financial from $130.00 to $107.00 in a research note published on Friday morning, The Fly reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other analysts also recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Jack in the Box from $98.00 to $89.00 and set an equal weight rating on the stock in a report on Friday. UBS Group lowered their price target on shares of Jack in the Box from $93.00 to $85.00 and set a na rating on the stock in a report on Wednesday, May 18th. Wedbush lowered their price target on shares of Jack in the Box from $110.00 to $90.00 and set an outperform rating on the stock in a report on Friday. StockNews.com initiated coverage on shares of Jack in the Box in a report on Thursday, March 31st. They set a hold rating on the stock. Finally, Oppenheimer lowered their price target on shares of Jack in the Box from $115.00 to $107.00 and set an outperform rating on the stock in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Jack in the Box has an average rating of Hold and an average price target of $102.30.

JACK stock opened at $67.04 on Friday. The firm’s fifty day simple moving average is $84.22 and its 200-day simple moving average is $86.82. The company has a market capitalization of $1.41 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 0.65 and a beta of 1.70. Jack in the Box has a 12 month low of $65.00 and a 12 month high of $122.70.

Jack in the Box (NASDAQ:JACK – Get Rating) last released its quarterly earnings data on Thursday, May 26th. The restaurant operator reported $1.16 EPS for the quarter, missing the consensus estimate of $1.36 by ($0.20). The business had revenue of $322.29 million during the quarter, compared to analysts’ expectations of $340.81 million. Jack in the Box had a net margin of 13.41% and a negative return on equity of 19.33%. The firm’s revenue was up 25.3% on a year-over-year basis. During the same period last year, the company earned $1.48 earnings per share. As a group, equities analysts forecast that Jack in the Box will post 6.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 22nd. Investors of record on Tuesday, June 7th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Monday, June 6th. Jack in the Box’s payout ratio is currently 25.07%.

In related news, Director Michael W. Murphy sold 859 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $83.11, for a total transaction of $71,391.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA purchased a new position in Jack in the Box during the fourth quarter worth about $47,866,000. Guggenheim Capital LLC boosted its stake in Jack in the Box by 85.2% during the third quarter. Guggenheim Capital LLC now owns 14,937 shares of the restaurant operator’s stock worth $1,454,000 after buying an additional 6,872 shares during the period. New York State Teachers Retirement System boosted its stake in Jack in the Box by 8.0% during the fourth quarter. New York State Teachers Retirement System now owns 35,190 shares of the restaurant operator’s stock worth $3,078,000 after buying an additional 2,611 shares during the period. GSA Capital Partners LLP boosted its stake in Jack in the Box by 15.2% during the fourth quarter. GSA Capital Partners LLP now owns 17,997 shares of the restaurant operator’s stock worth $1,574,000 after buying an additional 2,380 shares during the period. Finally, WINTON GROUP Ltd boosted its stake in Jack in the Box by 170.4% during the fourth quarter. WINTON GROUP Ltd now owns 20,699 shares of the restaurant operator’s stock worth $1,811,000 after buying an additional 13,044 shares during the period. Hedge funds and other institutional investors own 99.09% of the company’s stock.

Jack in the Box Company Profile (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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