Jack In The Box Inc. (NASDAQ:JACK) – Stock analysts at Oppenheimer Holdings lowered their FY2017 earnings per share estimates for Jack In The Box in a research note issued to investors on Monday. Oppenheimer Holdings analyst B. Bittner now expects that the restaurant operator will earn $4.05 per share for the year, down from their prior forecast of $4.07. Oppenheimer Holdings currently has a “Buy” rating and a $125.00 target price on the stock. Oppenheimer Holdings also issued estimates for Jack In The Box’s Q4 2017 earnings at $0.87 EPS.
A number of other equities analysts have also recently issued reports on JACK. Wells Fargo & Company restated an “outperform” rating and set a $120.00 price objective on shares of Jack In The Box in a report on Thursday, August 10th. Telsey Advisory Group restated a “market perform” rating on shares of Jack In The Box in a report on Thursday, August 10th. Wedbush restated a “buy” rating on shares of Jack In The Box in a report on Friday, August 11th. Cowen and Company restated a “neutral” rating and set a $99.00 price objective (down previously from $105.00) on shares of Jack In The Box in a report on Friday, August 11th. Finally, TheStreet cut Jack In The Box from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $112.31.
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Jack In The Box (NASDAQ JACK) opened at $101.33 on Wednesday. Jack In The Box has a 1-year low of $90.89 and a 1-year high of $113.30. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of -2.56. The stock has a market capitalization of $3,018.07, a price-to-earnings ratio of 24.54, a P/E/G ratio of 1.57 and a beta of 0.52.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Friday, December 1st. Jack In The Box’s dividend payout ratio (DPR) is presently 36.70%.
In other news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in JACK. Teachers Advisors LLC raised its position in shares of Jack In The Box by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 57,070 shares of the restaurant operator’s stock worth $5,805,000 after acquiring an additional 2,044 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Jack In The Box by 4.9% in the 2nd quarter. Capstone Asset Management Co. now owns 4,300 shares of the restaurant operator’s stock worth $424,000 after acquiring an additional 200 shares in the last quarter. Creative Planning raised its position in shares of Jack In The Box by 27.9% in the 2nd quarter. Creative Planning now owns 2,290 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 500 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Jack In The Box by 4.2% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,891 shares of the restaurant operator’s stock worth $1,171,000 after acquiring an additional 480 shares in the last quarter. Finally, LS Investment Advisors LLC raised its position in shares of Jack In The Box by 9.3% in the 2nd quarter. LS Investment Advisors LLC now owns 3,030 shares of the restaurant operator’s stock worth $298,000 after acquiring an additional 257 shares in the last quarter. 96.05% of the stock is 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 (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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