Jack in the Box Inc. (NASDAQ:JACK)’s share price was up 6.2% during trading on Tuesday after the company announced a dividend. The company traded as high as $85.66 and last traded at $84.61. Approximately 1,917,371 shares changed hands during trading, an increase of 194% from the average daily volume of 652,357 shares. The stock had previously closed at $79.64.

The newly announced dividend which will be paid on Tuesday, December 18th. Investors of record on Wednesday, December 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Tuesday, December 4th. Jack in the Box’s dividend payout ratio (DPR) is currently 41.24%.

A number of research analysts recently weighed in on JACK shares. Wedbush reaffirmed a “buy” rating and set a $115.00 price target on shares of Jack in the Box in a research note on Thursday, October 4th. Morgan Stanley dropped their price target on Jack in the Box from $96.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 18th. ValuEngine raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, August 9th. Cowen reaffirmed a “hold” rating and set a $94.00 price target on shares of Jack in the Box in a research note on Thursday, August 9th. Finally, BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Jack in the Box has an average rating of “Hold” and an average price target of $97.33.

The company has a market capitalization of $2.20 billion, a P/E ratio of 21.81, a P/E/G ratio of 1.38 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). The company had revenue of $177.47 million during the quarter, compared to analysts’ expectations of $175.26 million. Jack in the Box had a negative return on equity of 26.21% and a net margin of 13.10%. The business’s revenue for the quarter was down 23.5% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. On average, equities research analysts anticipate that Jack in the Box Inc. will post 3.87 EPS for the current fiscal year.

In other news, Director David Goebel sold 1,849 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $83.58, for a total value of $154,539.42. Following the completion of the sale, the director now directly owns 18,396 shares of the company’s stock, valued at $1,537,537.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Jack in the Box by 3.0% in the second quarter. BlackRock Inc. now owns 3,219,468 shares of the restaurant operator’s stock worth $274,041,000 after purchasing an additional 94,185 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Jack in the Box by 10.6% during the third quarter. Janus Henderson Group PLC now owns 869,069 shares of the restaurant operator’s stock valued at $72,854,000 after acquiring an additional 83,465 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Jack in the Box by 6.8% during the second quarter. Voya Investment Management LLC now owns 796,430 shares of the restaurant operator’s stock valued at $67,793,000 after acquiring an additional 50,663 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Jack in the Box by 24.3% during the third quarter. Macquarie Group Ltd. now owns 633,009 shares of the restaurant operator’s stock valued at $53,065,000 after acquiring an additional 123,630 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Jack in the Box by 111.1% during the third quarter. Victory Capital Management Inc. now owns 552,731 shares of the restaurant operator’s stock valued at $46,336,000 after acquiring an additional 290,870 shares during the last quarter. 97.76% of the stock is owned by hedge funds and other institutional investors.

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About Jack in the Box (NASDAQ:JACK)

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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