Jack In The Box Inc. (NASDAQ:JACK) had its target price decreased by equities researchers at Wells Fargo & Company from $120.00 to $117.00 in a report issued on Wednesday. The firm presently has an “outperform” rating on the restaurant operator’s stock. Wells Fargo & Company’s target price suggests a potential upside of 12.03% from the company’s previous close.
Several other equities analysts have also recently commented on JACK. Zacks Investment Research raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating and set a $120.00 price target on shares of Jack In The Box in a research note on Thursday, July 27th. BidaskClub upgraded shares of Jack In The Box from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Robert W. Baird decreased their price target on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, August 8th. Finally, Telsey Advisory Group restated a “market perform” rating on shares of Jack In The Box in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $113.15.
Jack In The Box (NASDAQ JACK) traded up $0.45 during trading on Wednesday, hitting $104.44. 370,400 shares of the company’s stock traded hands, compared to its average volume of 639,714. Jack In The Box has a 1 year low of $90.89 and a 1 year high of $113.30. The company has a debt-to-equity ratio of -2.56, a quick ratio of 0.63 and a current ratio of 0.66. The company has a market cap of $3,090.00, a PE ratio of 24.88, a P/E/G ratio of 1.58 and a beta of 0.52.
In related news, insider Frances L. Allen sold 530 shares of Jack In The Box stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares in the company, valued at approximately $1,127,653.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in JACK. Airain ltd purchased a new position in shares of Jack In The Box during the 2nd quarter valued at $1,875,000. Bain Capital Public Equity Management LLC purchased a new position in shares of Jack In The Box during the 2nd quarter valued at $54,752,000. Clinton Group Inc. grew its position in shares of Jack In The Box by 51.1% during the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock valued at $1,927,000 after purchasing an additional 6,617 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Jack In The Box during the 2nd quarter valued at $9,850,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Jack In The Box by 60.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares in the last quarter. Institutional investors and hedge funds own 96.90% of the company’s stock.
About Jack In The Box
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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