Wedbush downgraded shares of Jack In The Box Inc. (NASDAQ:JACK) from an outperform rating to a neutral rating in a research report sent to investors on Monday morning, MarketBeat.com reports. The brokerage currently has $104.00 price target on the restaurant operator’s stock, down from their prior price target of $115.00. Wedbush also issued estimates for Jack In The Box’s Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $4.04 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $1.04 EPS and FY2018 earnings at $4.50 EPS.
Other equities research analysts also recently issued research reports about the company. Robert W. Baird cut their price objective on Jack In The Box from $120.00 to $115.00 and set an outperform rating for the company in a research report on Tuesday, August 8th. Barclays PLC dropped their price target on shares of Jack In The Box from $110.00 to $103.00 and set an equal weight rating on the stock in a research note on Thursday, August 10th. TheStreet downgraded shares of Jack In The Box from a b- rating to a c rating in a research report on Wednesday, August 9th. Oppenheimer Holdings, Inc. reissued an outperform rating and set a $125.00 target price on shares of Jack In The Box in a research report on Thursday, August 10th. Finally, Wells Fargo & Company reaffirmed an outperform rating and issued a $120.00 price target on shares of Jack In The Box in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Jack In The Box presently has an average rating of Buy and an average price target of $112.31.
Jack In The Box (NASDAQ JACK) opened at $101.33 on Monday. Jack In The Box has a fifty-two week low of $90.89 and a fifty-two week high of $113.30. The stock has a market capitalization of $3,018.07, a P/E ratio of 24.54, a P/E/G ratio of 1.57 and a beta of 0.52. The company has a debt-to-equity ratio of -2.56, a current ratio of 0.66 and a quick ratio of 0.63.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Friday, December 1st. Jack In The Box’s dividend payout ratio is currently 36.70%.
In other Jack In The Box news, insider Frances L. Allen sold 530 shares of Jack In The Box stock in a transaction on Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the completion of the sale, the insider now owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Airain ltd acquired a new stake in Jack In The Box during the 2nd quarter worth $1,875,000. Bain Capital Public Equity Management LLC acquired a new stake in Jack In The Box during the 2nd quarter worth $54,752,000. Clinton Group Inc. grew its holdings in Jack In The Box by 51.1% during the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after acquiring an additional 6,617 shares during the period. Bank of Nova Scotia acquired a new stake in Jack In The Box during the 2nd quarter worth $9,850,000. Finally, Vaughan Nelson Investment Management L.P. grew 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 acquiring an additional 321,825 shares during the period. 96.05% of the stock is owned by hedge funds and other institutional investors.
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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