Jack in the Box (NASDAQ:JACK)‘s stock had its “buy” rating reissued by equities researchers at Oppenheimer in a research report issued on Tuesday, December 19th.
Several other equities research analysts also recently weighed in on the company. Jefferies Group downgraded Jack in the Box from a “buy” rating to a “hold” rating and reduced their price target for the stock from $120.00 to $100.00 in a report on Wednesday, December 20th. BidaskClub downgraded Jack in the Box from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $109.00 price objective on Jack in the Box and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, Wedbush reissued a “hold” rating and issued a $104.00 price objective on shares of Jack in the Box in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $111.15.
Jack in the Box (NASDAQ JACK) traded down $1.78 during midday trading on Tuesday, hitting $92.86. The stock had a trading volume of 1,208,700 shares, compared to its average volume of 1,010,000. The company has a market capitalization of $2,730.00, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.56 and a beta of 0.52. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. Jack in the Box has a 1 year low of $90.89 and a 1 year high of $113.00.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $341.34 million. During the same quarter last year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. sell-side analysts forecast that Jack in the Box will post 4.54 earnings per share for the current fiscal year.
In other Jack in the Box news, CEO Leonard A. Comma sold 9,436 shares of Jack in the Box stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $941,524.08. Following the completion of the transaction, the chief executive officer now owns 181,320 shares in the company, valued at approximately $18,092,109.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Leonard A. Comma sold 6,021 shares of Jack in the Box stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $615,466.62. Following the transaction, the chief executive officer now owns 173,796 shares of the company’s stock, valued at approximately $17,765,427.12. The disclosure for this sale can be found here. Insiders sold a total of 26,201 shares of company stock valued at $2,641,365 in the last three months. Insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Jack in the Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 601 shares during the period. Victory Capital Management Inc. grew its position in shares of Jack in the Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after acquiring an additional 283 shares during the period. FNY Managed Accounts LLC grew its position in shares of Jack in the Box by 90.6% during the 2nd quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock valued at $199,000 after acquiring an additional 965 shares during the period. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Jack in the Box during the 3rd quarter valued at about $203,000. Institutional investors and hedge funds own 98.71% of the company’s stock.
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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.
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