SunTrust Banks set a $110.00 target price on Jack in the Box (NASDAQ:JACK) in a report published on Thursday morning. The firm currently has a buy rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Jack in the Box’s Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.
Several other research firms also recently commented on JACK. Zacks Investment Research downgraded Jack in the Box from a hold rating to a strong sell rating in a report on Tuesday, December 5th. BTIG Research downgraded Jack in the Box from a buy rating to a neutral rating in a report on Tuesday, January 2nd. Robert W. Baird set a $115.00 price objective on Jack in the Box and gave the stock a buy rating in a report on Monday, November 27th. Stifel Nicolaus assumed 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, Wedbush cut Jack in the Box from an outperform rating to a neutral rating and dropped their target price for the stock from $115.00 to $104.00 in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $111.15.
Jack in the Box (NASDAQ:JACK) traded down $1.78 during midday trading on Thursday, reaching $92.86. The company had a trading volume of 1,208,700 shares, compared to its average volume of 1,108,222. Jack in the Box has a 52 week low of $90.89 and a 52 week high of $113.00. The company has a market cap of $2,730.00, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.57 and a beta of 0.52. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data 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 business had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. During the same quarter in the previous year, the business posted $1.03 earnings per share. Jack in the Box’s quarterly revenue was down 15.0% compared to the same quarter last year. equities research analysts anticipate that Jack in the Box will post 4.43 EPS for the current year.
In other news, SVP Paul D. Melancon sold 461 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 $45,998.58. Following the transaction, the senior vice president now directly owns 5,370 shares of the company’s stock, valued at approximately $535,818.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Frances L. Allen sold 530 shares of Jack in the Box stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now directly owns 10,979 shares in the company, valued at $1,127,653.09. The disclosure for this sale can be found here. Insiders sold 26,201 shares of company stock worth $2,641,365 over the last three months. Insiders own 2.10% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Jana Partners LLC purchased a new position in shares of Jack in the Box during the 3rd quarter valued at about $134,200,000. California Public Employees Retirement System lifted its position in shares of Jack in the Box by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after buying an additional 7,093 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Jack in the Box by 14.2% during the 3rd quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after buying an additional 77,557 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Jack in the Box by 124.0% during the 3rd quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after buying an additional 26,495 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in shares of Jack in the Box during the 3rd quarter valued at about $203,000. 99.12% of the stock is currently owned by hedge funds and other 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.
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