Jack in the Box (NASDAQ:JACK) Reaches New 52-Week Low at $52.00

Jack in the Box Inc. (NASDAQ:JACKGet Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $52.00 and last traded at $52.31, with a volume of 164698 shares changing hands. The stock had previously closed at $54.62.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on JACK shares. Bank of America dropped their target price on shares of Jack in the Box from $87.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. The Goldman Sachs Group started coverage on shares of Jack in the Box in a report on Thursday. They set a “sell” rating and a $55.00 price objective for the company. Robert W. Baird reduced their target price on Jack in the Box from $85.00 to $80.00 and set a “neutral” rating on the stock in a report on Thursday, February 22nd. Oppenheimer decreased their target price on Jack in the Box from $98.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. Finally, TD Cowen restated a “hold” rating and set a $59.00 price target on shares of Jack in the Box in a report on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and a consensus price target of $75.94.

Check Out Our Latest Analysis on JACK

Jack in the Box Trading Down 1.3 %

The stock has a market capitalization of $1.05 billion, a PE ratio of 9.62, a PEG ratio of 0.76 and a beta of 1.89. The business’s 50 day moving average is $56.19 and its 200 day moving average is $68.97.

Jack in the Box (NASDAQ:JACKGet Free Report) last released its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The firm had revenue of $365.40 million for the quarter, compared to analysts’ expectations of $369.53 million. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, analysts anticipate that Jack in the Box Inc. will post 6.31 EPS for the current year.

Jack in the Box Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 3.26%. Jack in the Box’s dividend payout ratio (DPR) is 30.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. LSV Asset Management boosted its position in Jack in the Box by 74.4% in the 4th quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock valued at $81,342,000 after buying an additional 425,079 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jack in the Box by 11.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock valued at $40,814,000 after purchasing an additional 53,294 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Jack in the Box by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 358,800 shares of the restaurant operator’s stock worth $29,289,000 after purchasing an additional 1,968 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Jack in the Box by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 347,303 shares of the restaurant operator’s stock worth $28,350,000 after purchasing an additional 15,061 shares during the period. Finally, Earnest Partners LLC raised its position in Jack in the Box by 1.4% during the 3rd quarter. Earnest Partners LLC now owns 270,106 shares of the restaurant operator’s stock valued at $18,654,000 after purchasing an additional 3,649 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.

Jack in the Box Company Profile

(Get Free Report)

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.

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