Jack in the Box (NASDAQ:JACK) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a note issued to investors on Friday.
A number of other research analysts have also weighed in on the stock. Barclays reissued an “equal weight” rating and issued a $101.00 target price (up from $100.00) on shares of Jack in the Box in a report on Tuesday. SunTrust Banks set a $110.00 target price on shares of Jack in the Box and gave the company a “buy” rating in a report on Thursday, January 11th. Telsey Advisory Group lowered shares of Jack in the Box from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. BTIG Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Finally, Oppenheimer reissued a “buy” rating on shares of Jack in the Box in a report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the stock. Jack in the Box has an average rating of “Hold” and an average target price of $111.00.
Jack in the Box (JACK) opened at $93.21 on Friday. Jack in the Box has a fifty-two week low of $90.59 and a fifty-two week high of $113.00. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. The firm has a market cap of $2,733.49, a price-to-earnings ratio of 21.18, a P/E/G ratio of 1.62 and a beta of 0.52.
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). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. During the same period last year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. research analysts predict that Jack in the Box will post 4.25 EPS for the current year.
In other news, SVP Paul D. Melancon sold 461 shares of Jack in the Box stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $45,998.58. Following the completion of the sale, the senior vice president now directly owns 5,370 shares in the company, valued at $535,818.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Dean C. Gordon sold 278 shares of Jack in the Box stock in a transaction on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the sale, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock valued at $2,641,365 over the last ninety days. 2.10% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in JACK. Royal Bank of Canada lifted its position in shares of Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 105 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Jack in the Box by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 283 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in shares of Jack in the Box during the third quarter worth $203,000. Diligent Investors LLC bought a new stake in shares of Jack in the Box during the third quarter worth $206,000. Finally, Riverhead Capital Management LLC lifted its position in shares of Jack in the Box by 61.3% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the restaurant operator’s stock worth $207,000 after purchasing an additional 797 shares during the last quarter. Institutional investors and hedge funds own 99.12% 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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