Jack In The Box Inc. (JACK) Declares $0.40 Quarterly Dividend
Jack In The Box Inc. (NASDAQ:JACK) announced a quarterly dividend on Tuesday, November 21st, Wall Street Journal reports. Investors of record on Monday, December 4th will be paid a dividend of 0.40 per share by the restaurant operator on Friday, December 15th. This represents a $1.60 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, December 1st.
Shares of Jack In The Box (JACK) opened at $102.57 on Wednesday. The stock has a market capitalization of $3,030.13, a PE ratio of 24.64, a PEG ratio of 1.58 and a beta of 0.52. Jack In The Box has a 12-month low of $90.89 and a 12-month high of $113.30. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of -2.56.
A number of brokerages have commented on JACK. Wedbush cut Jack In The Box from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $115.00 to $104.00 in a research note on Monday. Wells Fargo & Company reduced their target price on Jack In The Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Oppenheimer Holdings, Inc. reissued a “buy” rating and set a $125.00 target price on shares of Jack In The Box in a research note on Monday. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Stifel Nicolaus assumed coverage on Jack In The Box in a report on Monday, October 2nd. They issued a “hold” rating and a $105.00 target price on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $112.31.
In other news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total transaction of $54,436.30. Following the transaction, the insider now directly owns 10,979 shares in the company, valued at approximately $1,127,653.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.10% of the stock is owned by insiders.
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Jack In The Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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