Jack in the Box (NASDAQ:JACK) Sets New 52-Week Low at $59.88

Jack in the Box Inc. (NASDAQ:JACK) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $59.88 and last traded at $59.91, with a volume of 88272 shares changing hands. The stock had previously closed at $60.56.

Analyst Ratings Changes

JACK has been the topic of several research analyst reports. Oppenheimer reissued an “outperform” rating and set a $98.00 target price on shares of Jack in the Box in a research report on Thursday, February 22nd. Barclays cut their target price on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada raised their target price on Jack in the Box from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Truist Financial raised their target price on Jack in the Box from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, TD Cowen reissued a “hold” rating and set a $82.00 target price on shares of Jack in the Box in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Jack in the Box has an average rating of “Hold” and an average target price of $86.83.

Jack in the Box Price Performance

The company has a 50 day moving average price of $71.63 and a 200 day moving average price of $72.40. The firm has a market cap of $1.20 billion, a PE ratio of 10.73, a PEG ratio of 0.73 and a beta of 1.76.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, hitting the consensus estimate of $1.95. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The business had revenue of $487.50 million during the quarter, compared to analysts’ expectations of $480.76 million. During the same quarter in the prior year, the business earned $2.01 earnings per share. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Jack in the Box Inc. will post 6.39 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 15th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Thursday, March 14th. Jack in the Box’s dividend payout ratio is presently 30.93%.

Insider Buying and Selling

In related news, Director Michael W. Murphy sold 1,332 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the transaction, the director now owns 71,035 shares of the company’s stock, valued at $5,155,720.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Jack in the Box

Large investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new stake in Jack in the Box in the first quarter valued at $25,000. Advisors Asset Management Inc. grew its holdings 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 during the last quarter. Tower Research Capital LLC TRC grew its holdings 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 during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Jack in the Box in the third quarter valued at $66,000. Finally, Lazard Asset Management LLC grew its holdings in Jack in the Box by 211.9% in the second quarter. Lazard Asset Management LLC now owns 1,341 shares of the restaurant operator’s stock valued at $130,000 after purchasing an additional 911 shares during the last quarter. 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.