Cowen reaffirmed their hold rating on shares of Jack in the Box (NASDAQ:JACK) in a research note published on Thursday, AnalystRatings.com reports.
“We recently held a series of investor meetings in McDonnell (CEO) and Dan Jackson (CFO) of Strategic Education, visiting with both existing shareholders and new institutional investors. Our key takeaways are below.”,” the firm’s analyst wrote.
Several other brokerages have also commented on JACK. BidaskClub raised Jack in the Box from a sell rating to a hold rating in a research note on Friday, February 8th. Wells Fargo & Co decreased their price target on Jack in the Box from $96.00 to $95.00 and set an outperform rating on the stock in a research note on Thursday, February 14th. ValuEngine lowered Jack in the Box from a hold rating to a sell rating in a research note on Monday, April 29th. Zacks Investment Research raised Jack in the Box from a sell rating to a hold rating in a research note on Wednesday, January 23rd. Finally, Gordon Haskett raised Jack in the Box from a hold rating to a buy rating in a research note on Wednesday, March 27th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $92.20.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.06. The company had revenue of $215.73 million for the quarter, compared to analyst estimates of $217.99 million. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share. Equities analysts forecast that Jack in the Box will post 4.25 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Wednesday, May 29th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, May 28th. Jack in the Box’s dividend payout ratio (DPR) is presently 42.22%.
In other news, CFO Lance F. Tucker sold 517 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total value of $42,011.42. Following the transaction, the chief financial officer now owns 19,004 shares of the company’s stock, valued at approximately $1,544,265.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 1,113 shares of company stock worth $89,004. Corporate insiders own 2.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlueMountain Capital Management LLC lifted its stake in Jack in the Box by 1,180.0% during the 1st quarter. BlueMountain Capital Management LLC now owns 96,702 shares of the restaurant operator’s stock worth $7,839,000 after acquiring an additional 89,147 shares in the last quarter. BlueCrest Capital Management Ltd acquired a new position in Jack in the Box during the 1st quarter worth about $654,000. Maverick Capital Ltd. lifted its stake in Jack in the Box by 819.1% during the 1st quarter. Maverick Capital Ltd. now owns 127,850 shares of the restaurant operator’s stock worth $10,364,000 after acquiring an additional 113,940 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in Jack in the Box by 146.5% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 66,300 shares of the restaurant operator’s stock worth $5,374,000 after acquiring an additional 39,400 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Jack in the Box by 5.5% during the 1st quarter. Morgan Stanley now owns 227,334 shares of the restaurant operator’s stock worth $18,427,000 after acquiring an additional 11,851 shares in the last quarter. 95.52% of the stock is currently owned by hedge funds and other institutional investors.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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