Brokerages Set Jack in the Box (JACK) PT at $105.36

Shares of Jack in the Box (NASDAQ:JACK) have earned an average recommendation of “Hold” from the nineteen research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $105.36.

JACK has been the subject of a number of research reports. BTIG Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. SunTrust Banks reiterated a “buy” rating and issued a $113.00 price objective on shares of Jack in the Box in a research report on Wednesday, January 3rd. Goldman Sachs upgraded Jack in the Box from a “sell” rating to a “neutral” rating in a research report on Friday, January 5th. Telsey Advisory Group downgraded Jack in the Box from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 10th. Finally, Barclays reiterated an “equal weight” rating and issued a $101.00 price objective (up previously from $100.00) on shares of Jack in the Box in a research report on Tuesday, January 16th.

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In other Jack in the Box news, VP Vanessa C. Fox sold 500 shares of Jack in the Box stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.40, for a total value of $44,200.00. Following the completion of the transaction, the vice president now owns 2,142 shares in the company, valued at approximately $189,352.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Vanessa C. Fox sold 610 shares of Jack in the Box stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $91.00, for a total value of $55,510.00. Following the completion of the transaction, the vice president now owns 2,051 shares of the company’s stock, valued at approximately $186,641. The disclosure for this sale can be found here. Insiders have sold a total of 2,596 shares of company stock valued at $225,544 in the last 90 days. 2.60% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of JACK. BlackRock Inc. grew its stake in shares of Jack in the Box by 3.5% during the fourth quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock worth $311,300,000 after purchasing an additional 108,723 shares during the period. Millennium Management LLC grew its stake in shares of Jack in the Box by 36.9% during the fourth quarter. Millennium Management LLC now owns 994,440 shares of the restaurant operator’s stock worth $97,565,000 after purchasing an additional 268,145 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Jack in the Box by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 413,333 shares of the restaurant operator’s stock worth $40,553,000 after purchasing an additional 28,931 shares during the period. Geode Capital Management LLC grew its stake in shares of Jack in the Box by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 273,368 shares of the restaurant operator’s stock worth $26,819,000 after purchasing an additional 9,817 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Jack in the Box by 6.5% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 226,207 shares of the restaurant operator’s stock worth $22,194,000 after purchasing an additional 13,809 shares during the period. Hedge funds and other institutional investors own 98.84% of the company’s stock.

Shares of NASDAQ JACK traded up $0.50 during mid-day trading on Thursday, reaching $88.87. 285,719 shares of the company traded hands, compared to its average volume of 484,382. The company has a debt-to-equity ratio of -2.77, a quick ratio of 1.52 and a current ratio of 1.53. The firm has a market cap of $2,624.51, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.57 and a beta of 0.44. Jack in the Box has a fifty-two week low of $79.30 and a fifty-two week high of $113.00.

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, beating the Zacks’ consensus estimate of $1.06 by $0.17. The firm had revenue of $294.50 million for the quarter, compared to analyst estimates of $284.37 million. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. The company’s revenue was down 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. equities research analysts forecast that Jack in the Box will post 3.94 earnings per share for the current year.

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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 and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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