Wolfe Research started coverage on shares of Jack in the Box (NASDAQ:JACK – Get Rating) in a report released on Wednesday morning, Marketbeat Ratings reports. The brokerage issued a peer perform rating on the restaurant operator's stock.

JACK has been the subject of several other reports. Cowen increased their price objective on Jack in the Box from $68.00 to $70.00 and gave the company a market perform rating in a research report on Thursday, August 11th. Robert W. Baird dropped their price objective on Jack in the Box from $92.00 to $77.00 and set a neutral rating for the company in a research note on Friday, May 27th. Cowen increased their price objective on Jack in the Box from $68.00 to $70.00 and gave the stock a market perform rating in a research note on Thursday, August 11th. Truist Financial dropped their price objective on Jack in the Box from $107.00 to $100.00 and set a buy rating for the company in a research note on Thursday, August 11th. Finally, Credit Suisse Group dropped their price objective on Jack in the Box from $99.00 to $84.00 and set an underperform rating for the company in a research note on Friday, May 27th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $91.04.

Jack in the Box Stock Down 3.7 %

JACK stock opened at $81.73 on Wednesday. The company has a 50-day simple moving average of $78.49 and a 200 day simple moving average of $77.29. Jack in the Box has a fifty-two week low of $54.80 and a fifty-two week high of $105.98. The company has a market capitalization of $1.72 billion, a P/E ratio of 16.03, a PEG ratio of 0.85 and a beta of 1.69.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Wednesday, August 24th were paid a $0.44 dividend. The ex-dividend date of this dividend was Tuesday, August 23rd. This represents a $1.76 annualized dividend and a yield of 2.15%. Jack in the Box's dividend payout ratio (DPR) is presently 34.51%.

Institutional Trading of Jack in the Box

Several institutional investors have recently added to or reduced their stakes in JACK. Ancora Advisors LLC acquired a new position in Jack in the Box in the 1st quarter valued at $25,000. Repertoire Partners LP acquired a new position in Jack in the Box in the 2nd quarter valued at $56,000. Captrust Financial Advisors raised its holdings in shares of Jack in the Box by 112.2% during the 2nd quarter. Captrust Financial Advisors now owns 1,358 shares of the restaurant operator's stock worth $76,000 after buying an additional 718 shares in the last quarter. US Asset Management LLC acquired a new position in shares of Jack in the Box during the 1st quarter worth $80,000. Finally, Gladius Capital Management LP raised its holdings in shares of Jack in the Box by 17.1% during the 1st quarter. Gladius Capital Management LP now owns 970 shares of the restaurant operator's stock worth $91,000 after buying an additional 142 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors.

About Jack in the Box

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Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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