Jack in the Box (NASDAQ:JACK)‘s stock had its “equal weight” rating restated by Barclays in a research report issued on Tuesday, January 16th, Marketbeat reports. They presently have a $101.00 price objective on the restaurant operator’s stock, up from their prior price objective of $100.00. Barclays’ price target would indicate a potential upside of 23.32% from the company’s current price.
A number of other research firms have also recently commented on JACK. Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 5th. SunTrust Banks set a $109.00 target price on Jack in the Box and gave the company a “buy” rating in a research report on Friday, December 1st. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $115.00 to $104.00 in a research report on Monday, November 20th. Wells Fargo & Co lowered their price objective on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Finally, Oppenheimer reiterated a “buy” rating on shares of Jack in the Box in a report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $111.31.
Shares of Jack in the Box (NASDAQ JACK) traded up $1.21 on Tuesday, reaching $81.90. The company’s stock had a trading volume of 1,296,958 shares, compared to its average volume of 765,149. The firm has a market cap of $2,418.67, a P/E ratio of 18.61, a P/E/G ratio of 1.51 and a beta of 0.42. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. Jack in the Box has a 12 month low of $79.30 and a 12 month high of $113.00.
Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. During the same quarter last year, the business earned $1.03 earnings per share. Jack in the Box’s revenue was down 15.0% on a year-over-year basis. analysts predict that Jack in the Box will post 4.02 earnings per share for the current fiscal year.
In other news, VP Dean C. Gordon sold 278 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the sale, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Keith M. Guilbault sold 525 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $53,665.50. Following the sale, the insider now directly owns 17,110 shares in the company, valued at approximately $1,748,984.20. The disclosure for this sale can be found here. Insiders sold a total of 25,671 shares of company stock worth $2,586,928 over the last three months. Corporate insiders own 2.60% of the company’s stock.
A number of institutional investors have recently bought and sold shares of JACK. Jana Partners LLC acquired a new stake in Jack in the Box in the 3rd quarter valued at approximately $134,200,000. Koch Industries Inc. acquired a new stake in Jack in the Box in the 2nd quarter valued at approximately $568,000. Bain Capital Public Equity Management LLC acquired a new stake in Jack in the Box in the 2nd quarter valued at approximately $54,752,000. Janus Henderson Group PLC acquired a new stake in Jack in the Box in the 2nd quarter valued at approximately $53,737,000. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in Jack in the Box by 60.9% in 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 during the last quarter. Hedge funds and other institutional investors own 99.46% of the company’s stock.
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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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