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Jack in the Box (NASDAQ:JACK) Now Covered by Analysts at Wolfe Research

Defense World ·  09/22 16:02

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.

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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 (NASDAQ:JACK – Get Rating) last issued its quarterly earnings results on Wednesday, August 10th. The restaurant operator reported $1.38 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.04). Jack in the Box had a negative return on equity of 17.06% and a net margin of 8.10%. The business had revenue of $398.30 million during the quarter, compared to the consensus estimate of $397.37 million. During the same quarter last year, the firm posted $1.79 earnings per share. Jack in the Box's revenue was up 47.8% compared to the same quarter last year. Equities analysts anticipate that Jack in the Box will post 5.86 EPS for the current year.

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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