Jack In The Box’s (JACK) “Buy” Rating Reaffirmed at Jefferies Group LLC

Jefferies Group LLC reiterated their buy rating on shares of Jack In The Box Inc. (NASDAQ:JACK) in a report published on Thursday. They currently have a $120.00 price objective on the restaurant operator’s stock.

Several other research firms have also weighed in on JACK. TheStreet raised shares of Jack In The Box from a c+ rating to a b- rating in a research note on Thursday, June 15th. BidaskClub lowered shares of Jack In The Box from a hold rating to a sell rating in a research note on Tuesday, June 27th. Zacks Investment Research upgraded shares of Jack In The Box from a sell rating to a hold rating in a report on Wednesday. Stifel Nicolaus started coverage on shares of Jack In The Box in a report on Monday, October 2nd. They set a hold rating and a $105.00 target price on the stock. Finally, Telsey Advisory Group upgraded shares of Jack In The Box from a market perform rating to an outperform rating and set a $118.00 target price on the stock in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $113.38.

Jack In The Box (NASDAQ:JACK) traded up 0.37% during midday trading on Thursday, hitting $99.76. 288,493 shares of the stock were exchanged. Jack In The Box has a one year low of $90.89 and a one year high of $113.30. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 23.02 and a beta of 0.58. The company has a 50 day moving average price of $97.16 and a 200 day moving average price of $99.53.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.06). Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. Equities analysts anticipate that Jack In The Box will post $4.05 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd raised its holdings in shares of Jack In The Box by 471.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 17,560 shares of the restaurant operator’s stock valued at $1,730,000 after purchasing an additional 14,485 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Jack In The Box by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock valued at $216,000 after purchasing an additional 30 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of Jack In The Box in the second quarter valued at approximately $568,000. Verition Fund Management LLC raised its holdings in shares of Jack In The Box by 8.3% in the second quarter. Verition Fund Management LLC now owns 9,343 shares of the restaurant operator’s stock valued at $920,000 after purchasing an additional 719 shares during the last quarter. Finally, Nomura Holdings Inc. raised its holdings in shares of Jack In The Box by 340.9% in the second quarter. Nomura Holdings Inc. now owns 14,351 shares of the restaurant operator’s stock valued at $1,413,000 after purchasing an additional 11,096 shares during the last quarter. Institutional investors own 94.94% of the company’s stock.

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.

Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

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