Jack in the Box (JACK) Cut to “Neutral” at Wedbush

Jack in the Box (NASDAQ:JACK) was downgraded by investment analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued on Monday, November 20th, Marketbeat.com reports. They presently have a $104.00 price objective on the restaurant operator’s stock, down from their prior price objective of $115.00. Wedbush’s target price would suggest a potential downside of 2.03% from the company’s current price. Wedbush also issued estimates for Jack in the Box’s Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $4.04 EPS, Q1 2018 earnings at $0.23 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $1.04 EPS and FY2018 earnings at $4.50 EPS.

Several other research firms also recently weighed in on JACK. Wells Fargo & Company reiterated an “outperform” rating and set a $125.00 target price on shares of Jack in the Box in a research report on Thursday, August 3rd. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. TheStreet downgraded Jack in the Box from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Stifel Nicolaus began coverage on Jack in the Box in a report on Monday, October 2nd. They issued a “hold” rating and a $105.00 price objective for the company. Finally, Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $112.62.

Jack in the Box (NASDAQ:JACK) traded down $0.45 during mid-day trading on Monday, hitting $106.16. 1,042,351 shares of the company were exchanged, compared to its average volume of 663,841. Jack in the Box has a 1 year low of $90.89 and a 1 year high of $113.30. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. The stock has a market capitalization of $3,096.40, a price-to-earnings ratio of 27.11, a PEG ratio of 1.72 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The business had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. research analysts anticipate that Jack in the Box will post 4.58 EPS for the current fiscal year.

In related 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 value of $54,436.30. Following the sale, the insider now owns 10,979 shares in the company, valued at $1,127,653.09. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.10% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in JACK. Teachers Advisors LLC lifted its holdings in Jack in the Box by 3.7% in the first quarter. Teachers Advisors LLC now owns 57,070 shares of the restaurant operator’s stock valued at $5,805,000 after acquiring an additional 2,044 shares during the period. Capstone Asset Management Co. raised its stake in shares of Jack in the Box by 4.9% during the 2nd quarter. Capstone Asset Management Co. now owns 4,300 shares of the restaurant operator’s stock worth $424,000 after buying an additional 200 shares during the period. Creative Planning raised its stake in shares of Jack in the Box by 27.9% during the 2nd quarter. Creative Planning now owns 2,290 shares of the restaurant operator’s stock worth $226,000 after buying an additional 500 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Jack in the Box by 4.2% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,891 shares of the restaurant operator’s stock worth $1,171,000 after buying an additional 480 shares during the period. Finally, LS Investment Advisors LLC raised its stake in shares of Jack in the Box by 9.3% during the 2nd quarter. LS Investment Advisors LLC now owns 3,030 shares of the restaurant operator’s stock worth $298,000 after buying an additional 257 shares during the period. 99.26% of the stock is owned by institutional investors.

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About Jack in the Box

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)

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