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.
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.
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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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