Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “outperform” rating restated by equities research analysts at Oppenheimer Holdings, Inc. in a report issued on Thursday. They presently have a $125.00 target price on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price target points to a potential upside of 32.02% from the company’s previous close. Oppenheimer Holdings also issued estimates for Jack In The Box’s Q3 2017 earnings at $1.01 EPS, Q4 2017 earnings at $0.88 EPS, FY2017 earnings at $4.06 EPS and FY2018 earnings at $4.80 EPS.
Several other brokerages have also recently issued reports on JACK. Zacks Investment Research raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC reiterated a “buy” rating on shares of Jack In The Box in a report on Wednesday, May 3rd. Wells Fargo & Company reiterated an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a report on Thursday, August 3rd. Bank of America Corporation reiterated a “buy” rating on shares of Jack In The Box in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, TheStreet upgraded Jack In The Box from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $116.23.
Jack In The Box (NASDAQ JACK) traded up 2.12% during midday trading on Thursday, reaching $96.69. 506,391 shares of the company were exchanged. The firm’s 50 day moving average price is $96.12 and its 200-day moving average price is $101.28. Jack In The Box has a 52 week low of $91.02 and a 52 week high of $113.30. The stock has a market capitalization of $2.84 billion, a P/E ratio of 23.89 and a beta of 0.57.
Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. During the same period last year, the firm earned $1.07 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Equities analysts forecast that Jack In The Box will post $4.15 EPS for the current fiscal year.
In other news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new position in shares of Jack In The Box during the second quarter worth approximately $302,000. Los Angeles Capital Management & Equity Research Inc. increased its position in shares of Jack In The Box by 9.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,774 shares of the restaurant operator’s stock worth $3,130,000 after buying an additional 2,715 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Jack In The Box by 3.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock worth $483,000 after buying an additional 165 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Jack In The Box by 58.4% in the second quarter. JPMorgan Chase & Co. now owns 49,539 shares of the restaurant operator’s stock worth $4,879,000 after buying an additional 18,257 shares in the last quarter. Finally, Pacad Investment Ltd. increased its position in shares of Jack In The Box by 1,344.4% in the second quarter. Pacad Investment Ltd. now owns 13,000 shares of the restaurant operator’s stock worth $1,281,000 after buying an additional 12,100 shares in the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.
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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