Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reissued by stock analysts at Stifel Nicolaus in a research note issued to investors on Wednesday. They presently have a $95.00 price target on the restaurant operator’s stock. Stifel Nicolaus’ target price points to a potential upside of 12.88% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. BidaskClub cut Jack in the Box from a “sell” rating to a “strong sell” rating in a report on Thursday, March 15th. Telsey Advisory Group restated an “outperform” rating and issued a $105.00 price target (down previously from $118.00) on shares of Jack in the Box in a report on Wednesday, March 14th. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. Morgan Stanley lowered their price target on Jack in the Box from $115.00 to $106.00 and set an “overweight” rating on the stock in a report on Tuesday, March 6th. Finally, Wedbush restated a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. Jack in the Box presently has a consensus rating of “Buy” and an average target price of $107.62.
JACK stock opened at $84.16 on Wednesday. The company has a debt-to-equity ratio of -2.77, a quick ratio of 1.52 and a current ratio of 1.53. Jack in the Box has a 52-week low of $79.30 and a 52-week high of $113.00. The stock has a market capitalization of $2,486.90, a P/E ratio of 22.75, a price-to-earnings-growth ratio of 1.47 and a beta of 0.43.
Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.17. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. The company had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $284.37 million. During the same quarter in the previous year, the firm posted $1.18 EPS. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. sell-side analysts forecast that Jack in the Box will post 3.97 earnings per share for the current fiscal year.
In other Jack in the Box news, VP Vanessa C. Fox sold 610 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $91.00, for a total transaction of $55,510.00. Following the sale, the vice president now owns 2,051 shares in the company, valued at approximately $186,641. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Vanessa C. Fox sold 500 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $88.40, for a total value of $44,200.00. Following the sale, the vice president now owns 2,142 shares in the company, valued at approximately $189,352.80. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in 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 buying an additional 105 shares during the last quarter. American International Group Inc. grew its holdings in Jack in the Box by 0.7% during the 3rd quarter. American International Group Inc. now owns 79,718 shares of the restaurant operator’s stock valued at $8,125,000 after buying an additional 557 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Jack in the Box by 36.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,560 shares of the restaurant operator’s stock valued at $261,000 after buying an additional 685 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Jack in the Box by 21.3% during the 3rd quarter. Pacer Advisors Inc. now owns 4,037 shares of the restaurant operator’s stock valued at $411,000 after buying an additional 709 shares during the last quarter. Finally, ING Groep NV grew its holdings in Jack in the Box by 23.2% during the 4th quarter. ING Groep NV now owns 4,440 shares of the restaurant operator’s stock valued at $436,000 after buying an additional 836 shares during the last quarter. Hedge funds and other institutional investors own 98.74% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Jack in the Box (JACK) Rating Reiterated by Stifel Nicolaus” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/03/23/jack-in-the-box-jack-rating-reiterated-by-stifel-nicolaus.html.
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.
Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.