StockNews.com Downgrades Jack in the Box (NASDAQ:JACK) to Sell

StockNews.com downgraded shares of Jack in the Box (NASDAQ:JACK) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. TD Cowen restated a “hold” rating and set a $50.00 price target on shares of Jack in the Box in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Oppenheimer reiterated an “outperform” rating and set a $60.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, Wedbush cut their price objective on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Jack in the Box has a consensus rating of “Hold” and a consensus target price of $59.88.

Jack in the Box Price Performance

Shares of JACK stock opened at $41.64 on Monday. Jack in the Box has a fifty-two week low of $38.12 and a fifty-two week high of $86.20. The stock’s 50-day moving average is $46.18 and its two-hundred day moving average is $48.28. The firm has a market cap of $784.12 million, a P/E ratio of -21.35, a PEG ratio of 1.49 and a beta of 1.92.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Thursday, December 12th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 4.23%. Jack in the Box’s dividend payout ratio is -90.26%.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the sale, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 2,343 shares of company stock worth $100,601. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

Institutional investors have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box in the 3rd quarter valued at $41,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares in the last quarter. SG Americas Securities LLC bought a new stake in Jack in the Box in the third quarter valued at about $185,000. MML Investors Services LLC raised its position in Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares in the last quarter. Finally, Selway Asset Management bought a new position in Jack in the Box during the third quarter worth about $228,000. 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.