Jack in the Box Inc. (NASDAQ:JACK) announced a quarterly dividend on Tuesday, November 20th, Wall Street Journal reports. Shareholders of record on Wednesday, December 5th will be paid a dividend of 0.40 per share by the restaurant operator on Tuesday, December 18th. This represents a $1.60 annualized dividend and a yield of 1.89%. The ex-dividend date is Tuesday, December 4th.

Jack in the Box has increased its dividend by an average of 38.7% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Jack in the Box has a dividend payout ratio of 41.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Jack in the Box to earn $5.04 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 31.7%.

Shares of JACK opened at $84.61 on Wednesday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 1.36 and a beta of 0.52. Jack in the Box has a twelve month low of $75.09 and a twelve month high of $108.55.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Monday, November 19th. The restaurant operator reported $0.77 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). The firm had revenue of $177.47 million for the quarter, compared to analysts’ expectations of $175.26 million. Jack in the Box had a net margin of 13.96% and a negative return on equity of 25.37%. The company’s quarterly revenue was down 23.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. As a group, equities research analysts expect that Jack in the Box will post 4.47 earnings per share for the current fiscal year.

In related news, Director David Goebel sold 1,849 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $83.58, for a total value of $154,539.42. Following the completion of the transaction, the director now directly owns 18,396 shares in the company, valued at approximately $1,537,537.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is owned by company insiders.

Several equities research analysts have weighed in on JACK shares. BidaskClub cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Saturday, September 15th. Morgan Stanley dropped their price target on shares of Jack in the Box from $96.00 to $91.00 and set an “equal weight” rating for the company in a research report on Thursday, October 18th. Gordon Haskett started coverage on shares of Jack in the Box in a research report on Thursday, October 18th. They set a “hold” rating and a $84.00 price target for the company. UBS Group increased their price target on shares of Jack in the Box from $95.00 to $100.00 and gave the company a “neutral” rating in a research report on Friday, August 10th. Finally, Wedbush reissued a “buy” rating and set a $115.00 price target on shares of Jack in the Box in a research report on Thursday, October 4th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $97.33.

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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. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Dividend History for Jack in the Box (NASDAQ:JACK)

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