Jack in the Box (NASDAQ:JACK) Price Target Increased to $108.00 by Analysts at Oppenheimer

Jack in the Box (NASDAQ:JACK – Get Rating) had its price target increased by Oppenheimer from $96.00 to $108.00 in a research report report published on Monday morning, The Fly reports. Oppenheimer currently has an outperform rating on the restaurant operator’s stock.

Several other brokerages have also recently commented on JACK. Wedbush increased their price target on shares of Jack in the Box from $82.00 to $92.00 and gave the stock a neutral rating in a research report on Thursday, March 2nd. Barclays lifted their price target on shares of Jack in the Box from $73.00 to $84.00 and gave the stock an equal weight rating in a research report on Thursday, March 2nd. Morgan Stanley raised their price objective on shares of Jack in the Box from $85.00 to $90.00 and gave the stock an equal weight rating in a research note on Monday, April 17th. Truist Financial lifted their target price on shares of Jack in the Box from $92.00 to $98.00 in a research note on Thursday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Jack in the Box from $75.00 to $81.00 and gave the company a hold rating in a research note on Thursday, March 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $90.12.

Jack in the Box Price Performance

Shares of Jack in the Box stock opened at $95.78 on Monday. The business has a 50-day moving average of $87.73 and a 200-day moving average of $80.32. The company has a market capitalization of $1.97 billion, a PE ratio of 15.55, a P/E/G ratio of 0.93 and a beta of 1.64. Jack in the Box has a 1-year low of $54.80 and a 1-year high of $96.60.

Jack in the Box (NASDAQ:JACK – Get Rating) last announced its earnings results on Wednesday, March 1st. The restaurant operator reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.25. Jack in the Box had a negative return on equity of 16.57% and a net margin of 7.86%. The company had revenue of $527.10 million during the quarter, compared to the consensus estimate of $506.98 million. During the same period last year, the firm earned $1.97 earnings per share. The company’s revenue was up 52.9% on a year-over-year basis. On average, equities analysts expect that Jack in the Box will post 5.82 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 28th. Shareholders of record on Wednesday, March 15th were given a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, March 14th. This represents a $1.76 dividend on an annualized basis and a yield of 1.84%. Jack in the Box’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling at Jack in the Box

In other news, insider Chad Gretzema sold 712 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $85.97, for a total transaction of $61,210.64. Following the transaction, the insider now directly owns 11,454 shares in the company, valued at $984,700.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Chad Gretzema sold 712 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $85.97, for a total transaction of $61,210.64. Following the transaction, the insider now directly owns 11,454 shares in the company, valued at $984,700.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael W. Murphy sold 1,390 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $83.26, for a total transaction of $115,731.40. Following the transaction, the director now owns 68,092 shares in the company, valued at $5,669,339.92. The disclosure for this sale can be found here. Insiders have sold a total of 2,569 shares of company stock worth $216,347 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Institutional investors and hedge funds have recently modified their holdings of the business. Ancora Advisors LLC bought a new stake in shares of Jack in the Box during the first quarter worth approximately $25,000. Lazard Asset Management LLC bought a new stake in Jack in the Box in the third quarter valued at approximately $31,000. Advisors Asset Management Inc. increased its stake in Jack in the Box by 102.6% in the fourth quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 237 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Jack in the Box by 45.8% in the first quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 195 shares in the last quarter. Finally, US Asset Management LLC bought a new stake in Jack in the Box in the fourth quarter valued at approximately $59,000. 99.78% of the stock is owned by institutional investors.

Jack in the Box Company Profile

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Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.