Jack in the Box (NASDAQ:JACK) had its price target decreased by equities research analysts at Wells Fargo & Company from $120.00 to $117.00 in a report issued on Wednesday, November 15th. The firm currently has an “outperform” rating on the restaurant operator’s stock. Wells Fargo & Company’s price objective would suggest a potential upside of 9.75% from the company’s previous close.
JACK has been the subject of several other reports. Jefferies Group restated a “buy” rating and issued a $120.00 price target on shares of Jack in the Box in a research note on Thursday, July 27th. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wedbush restated a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research note on Friday, October 13th. Telsey Advisory Group restated a “market perform” rating on shares of Jack in the Box in a research note on Thursday, August 10th. Finally, Cowen restated a “neutral” rating and issued a $99.00 price target (down from $105.00) on shares of Jack in the Box in a research note on Friday, August 11th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $112.62.
Shares of Jack in the Box (NASDAQ:JACK) traded up $1.41 during trading hours on Wednesday, hitting $106.61. The company had a trading volume of 928,380 shares, compared to its average volume of 662,217. The company has a market cap of $3,096.40, a P/E ratio of 27.11, a PEG ratio of 1.72 and a beta of 0.51. 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 has a 52 week low of $90.89 and a 52 week high of $113.30.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The company had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. During the same quarter last year, the firm posted $1.03 earnings per share. The company’s revenue was down 15.0% compared to the same quarter last year. research analysts predict that Jack in the Box will post 4.58 EPS for the current year.
In other news, insider Frances L. Allen sold 530 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total transaction of $54,436.30. Following the sale, the insider now directly owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in JACK. Jana Partners LLC purchased a new stake in Jack in the Box during the 3rd quarter valued at $134,200,000. Koch Industries Inc. purchased a new stake in Jack in the Box during the 2nd quarter valued at $568,000. Bain Capital Public Equity Management LLC bought a new position in Jack in the Box in the 2nd quarter valued at $54,752,000. Janus Henderson Group PLC bought a new position in Jack in the Box in the 2nd quarter valued at $53,737,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in Jack in the Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after acquiring an additional 321,825 shares during the last quarter. Institutional investors own 99.26% of the company’s stock.
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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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