OTR Global upgraded shares of Jack in the Box (NASDAQ:JACK) to a positive rating in a research report released on Wednesday morning, The Fly reports.
JACK has been the subject of a number of other research reports. Wedbush upgraded Jack in the Box from a neutral rating to an outperform rating and upped their price objective for the company from $104.00 to $115.00 in a research note on Friday, January 26th. Wells Fargo & Co reduced their price objective on Jack in the Box from $120.00 to $117.00 and set an outperform rating for the company in a research note on Wednesday, November 15th. BidaskClub downgraded Jack in the Box from a sell rating to a strong sell rating in a research note on Tuesday, December 19th. Goldman Sachs Group upgraded Jack in the Box from a sell rating to a neutral rating in a research note on Friday, January 5th. Finally, Barclays reiterated an equal weight rating and set a $101.00 price target (up previously from $100.00) on shares of Jack in the Box in a research note on Tuesday, January 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $110.92.
Jack in the Box (NASDAQ JACK) opened at $91.60 on Wednesday. The stock has a market capitalization of $2,890.00, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.58 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 announced its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The business had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The firm’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. equities research analysts expect that Jack in the Box will post 4.02 earnings per share for the current fiscal year.
In related news, SVP Paul D. Melancon sold 461 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $45,998.58. Following the sale, the senior vice president now owns 5,370 shares of the company’s stock, valued at approximately $535,818.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Dean C. Gordon sold 278 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the sale, the vice president now directly owns 3,924 shares in the company, valued at approximately $401,111.28. The disclosure for this sale can be found here. Insiders have sold a total of 25,671 shares of company stock valued at $2,586,928 in the last quarter. 2.60% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. lifted its holdings in 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 worth $86,656,000 after purchasing an additional 321,825 shares in the last quarter. Quantitative Systematic Strategies LLC increased its position in shares of Jack in the Box by 28.2% during the 3rd quarter. Quantitative Systematic Strategies LLC now owns 8,613 shares of the restaurant operator’s stock valued at $878,000 after purchasing an additional 1,894 shares during the last quarter. Sei Investments Co. increased its position in shares of Jack in the Box by 43.5% during the 3rd quarter. Sei Investments Co. now owns 5,160 shares of the restaurant operator’s stock valued at $525,000 after purchasing an additional 1,563 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Jack in the Box by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after purchasing an additional 7,093 shares during the last quarter. Finally, OxFORD Asset Management LLP bought a new position in shares of Jack in the Box during the 2nd quarter valued at about $267,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
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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