Jack in the Box Inc. (JACK) Given Consensus Rating of “Hold” by Brokerages

Jack in the Box Inc. (NASDAQ:JACK) has earned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $109.45.

Several equities analysts recently commented on JACK shares. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Jefferies Group restated a “buy” rating and issued a $120.00 price objective on shares of Jack in the Box in a research note on Thursday, October 12th. Wedbush restated a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a research note on Friday, October 13th. Wells Fargo & Co dropped their price objective on shares of 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. Finally, Oppenheimer restated a “buy” rating and issued a $125.00 price objective on shares of Jack in the Box in a research note on Monday, November 20th.

In other news, VP Dean C. Gordon sold 278 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $28,417.16. Following the sale, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 9,436 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $941,524.08. Following the completion of the sale, the chief executive officer now directly owns 181,320 shares in the company, valued at approximately $18,092,109.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,671 shares of company stock worth $2,586,928. 2.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Jana Partners LLC bought a new stake in shares of Jack in the Box in the 3rd quarter worth about $134,200,000. Koch Industries Inc. bought a new stake in Jack in the Box during the 2nd quarter worth about $568,000. Janus Henderson Group PLC bought a new stake in Jack in the Box during the 2nd quarter worth about $53,737,000. 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 last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Jack in the Box by 179.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 384,754 shares of the restaurant operator’s stock worth $39,214,000 after acquiring an additional 247,016 shares during the last quarter. 99.46% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box (JACK) traded down $2.67 during trading hours on Friday, reaching $80.69. 849,623 shares of the company traded hands, compared to its average volume of 891,390. The firm has a market cap of $2,390.00, a PE ratio of 17.97, a P/E/G ratio of 1.56 and a beta of 0.42. Jack in the Box has a 1 year low of $80.63 and a 1 year high of $113.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. Jack in the Box’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. research analysts forecast that Jack in the Box will post 4.02 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Jack in the Box Inc. (JACK) Given Consensus Rating of “Hold” by Brokerages” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://sportsperspectives.com/2018/02/08/jack-in-the-box-inc-jack-given-consensus-rating-of-hold-by-brokerages.html.

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)

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply