Jack in the Box (NASDAQ:JACK) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, December 19th.
A number of other research firms have also issued reports on JACK. Zacks Investment Research lowered shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 5th. SunTrust Banks set a $109.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a research report on Friday, December 1st. Wedbush reissued a “hold” rating and issued a $104.00 price target on shares of Jack in the Box in a research report on Friday, December 1st. UBS Group set a $105.00 price objective on shares of Jack in the Box and gave the company a “hold” rating in a research report on Thursday, November 30th. Finally, Robert W. Baird set a $115.00 price objective on shares of Jack in the Box and gave the company a “buy” rating in a research report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. Jack in the Box presently has a consensus rating of “Hold” and a consensus target price of $111.38.
Jack in the Box (NASDAQ JACK) traded down $1.53 during trading hours on Tuesday, hitting $94.64. 982,606 shares of the stock traded hands, compared to its average volume of 1,000,000. Jack in the Box has a one year low of $90.89 and a one year high of $113.00. 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 company has a market cap of $2,790.00, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm had revenue of $338.75 million during the quarter, compared to analyst estimates of $341.34 million. During the same quarter in the previous year, the business earned $1.03 earnings per share. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. equities analysts forecast that Jack in the Box will post 4.48 earnings per share for the current year.
In other news, EVP Phillip H. Rudolph sold 1,455 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $148,730.10. Following the sale, the executive vice president now owns 92,048 shares in the company, valued at approximately $9,409,146.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the sale, the vice president now owns 3,924 shares in the company, valued at approximately $401,111.28. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock worth $2,641,365 in the last quarter. Corporate insiders own 2.10% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in JACK. Jana Partners LLC bought a new position in shares of Jack in the Box in the third quarter valued at about $134,200,000. Koch Industries Inc. bought a new stake in Jack in the Box during the 2nd quarter worth about $568,000. Bain Capital Public Equity Management LLC bought a new stake in Jack in the Box during the 2nd quarter worth about $54,752,000. Janus Henderson Group PLC bought a new stake in Jack in the Box during the 2nd quarter worth about $53,737,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Jack in the Box by 60.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after purchasing an additional 321,825 shares during the last quarter. 98.71% of the stock is owned by institutional investors and hedge funds.
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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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