Jefferies Group LLC reissued their buy rating on shares of Jack In The Box Inc. (NASDAQ:JACK) in a report published on Thursday, July 27th. They currently have a $120.00 price objective on the restaurant operator’s stock.
Several other research analysts have also commented 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 Thursday, March 30th. Oppenheimer Holdings, Inc. reissued an outperform rating and issued a $125.00 price objective on shares of Jack In The Box in a research note on Friday, May 12th. Cowen and Company reiterated a hold rating and issued a $100.00 price target on shares of Jack In The Box in a research note on Friday, May 12th. Wells Fargo & Company reiterated a market perform rating on shares of Jack In The Box in a research note on Sunday, May 14th. Finally, Telsey Advisory Group downgraded shares of Jack In The Box from an outperform rating to a market perform rating and decreased their price target for the stock from $125.00 to $118.00 in a research note on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $116.23.
Shares of Jack In The Box (JACK) opened at 94.68 on Thursday. The stock has a 50 day moving average of $97.06 and a 200 day moving average of $101.60. Jack In The Box has a 12-month low of $91.02 and a 12-month high of $113.30. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 23.40 and a beta of 0.57.
Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.06. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. The business had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $360.84 million. During the same period in the previous year, the business posted $1.07 EPS. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. Analysts forecast that Jack In The Box will post $4.16 earnings per share for the current year.
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In other Jack In The Box news, EVP Phillip H. Rudolph sold 6,908 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the sale, the executive vice president now owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in JACK. FNY Managed Accounts LLC acquired a new position in shares of Jack In The Box during the first quarter worth approximately $108,000. Glen Harbor Capital Management LLC boosted its position in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Jack In The Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after buying an additional 601 shares during the last quarter. Tyers Asset Management LLC boosted its position in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $161,000 after buying an additional 22 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Jack In The Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after buying an additional 283 shares during the last quarter. 93.90% of the stock is currently 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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