Several research firms have recently released reports on Jack in the Box (NASDAQ). Loop Capital reduced their target price from $118.00 to $112.00, maintaining a buy rating on May 15th. Piper Sandler lowered their target price from $81.00 to $67.00, giving the company a neutral rating on May 8th. UBS Group decreased their target price from $87.00 to $60.00, also with a neutral rating on May 9th. TD Cowen reaffirmed a hold rating with a $59.00 target price on June 13th. Royal Bank of Canada reiterated an outperform rating and set a $75.00 target price on June 7th. Overall, the stock has one sell rating, ten hold ratings, and seven buy ratings, with an average rating of Hold and a target price of $75.17, according to MarketBeat.com.
Jack in the Box opened at $60.07 on Tuesday. The stock’s 12-month low is $46.10, while its 12-month high is $99.56. The stock has a 50-day simple moving average of $53.14 and a 200-day simple moving average of $62.55. The company’s market cap is $1.16 billion, with a P/E ratio of 10.58, a PEG ratio of 0.75, and a beta of 1.92.
Earnings Report
Jack in the Box posted its quarterly earnings on May 14th. The company reported an EPS of $1.46, surpassing the consensus estimate of $1.43. The net margin was 7.07%, and the return on equity was a negative 16.97%. Revenue for the quarter was $365.40 million, below the estimated $369.53 million and down 7.7% from the previous year’s same quarter. Analysts predict an EPS of 6.29 for the current year.
Dividend Announcement
Jack in the Box recently announced a quarterly dividend paid on June 25th. Shareholders of record on June 6th received a dividend of $0.44 per share. The ex-dividend date was June 6th. This results in an annualized dividend of $1.76 with a yield of 2.93%. The payout ratio is currently 30.99%.
Insider Transactions
CEO Darin S. Harris sold 598 shares on June 25th at an average price of $51.64, totaling $30,880.72. Harris now owns 90,887 shares valued at approximately $4,693,404.68. In the last 90 days, insiders sold 800 shares valued at $41,514. Insiders own 1.60% of the company’s stock.
Institutional Trading
Large investors have been active in trading Jack in the Box shares. PNC Financial Services Group Inc. increased its stake by 9.9% in the fourth quarter, owning 1,993 shares valued at $163,000 after adding 179 shares. Quadrant Capital Group LLC boosted its holdings by 21.8% in the fourth quarter, now owning 1,541 shares valued at $126,000 after purchasing 276 more shares. Illinois Municipal Retirement Fund raised its holdings by 2.5% in the first quarter, now owning 11,378 shares valued at $779,000 after adding 277 shares.
EntryPoint Capital LLC increased its holdings by 73.2% in the first quarter, now owning 866 shares valued at $59,000 after adding 366 shares. Inspire Investing LLC boosted its holdings by 8.8% in the first quarter, owning 5,796 shares valued at $397,000 after purchasing an additional 471 shares. Hedge funds and other institutional investors own 99.79% of the company’s stock.