Jack in the Box (JACK) – Analysts’ Recent Ratings Updates

Jack in the Box (NASDAQ: JACK) recently received a number of ratings updates from brokerages and research firms:

  • 4/16/2019 – Jack in the Box was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 4/16/2019 – Jack in the Box had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $95.00 price target on the stock, down previously from $105.00.
  • 4/9/2019 – Jack in the Box had its “hold” rating reaffirmed by analysts at Wedbush. They now have a $85.00 price target on the stock.
  • 3/27/2019 – Jack in the Box was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 3/27/2019 – Jack in the Box was upgraded by analysts at Gordon Haskett from a “hold” rating to a “buy” rating.
  • 3/12/2019 – Jack in the Box was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 2/19/2019 – Jack in the Box had its “hold” rating reaffirmed by analysts at Cowen Inc. They now have a $81.00 price target on the stock.

JACK stock opened at $77.79 on Wednesday. Jack in the Box Inc. has a 1-year low of $74.19 and a 1-year high of $93.98. The company has a market capitalization of $2.01 billion, a PE ratio of 20.53, a P/E/G ratio of 1.52 and a beta of 0.55.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, February 20th. The restaurant operator reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.05. The company had revenue of $290.80 million for the quarter, compared to analyst estimates of $275.26 million. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.23 EPS. On average, sell-side analysts predict that Jack in the Box Inc. will post 4.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend was Friday, March 1st. Jack in the Box’s payout ratio is currently 42.22%.

In other news, CFO Lance F. Tucker sold 517 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total value of $42,011.42. Following the transaction, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at approximately $1,544,265.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 1,113 shares of company stock worth $89,004 over the last three months. 2.30% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in JACK. Marshall Wace LLP boosted its holdings in shares of Jack in the Box by 855.6% in the 3rd quarter. Marshall Wace LLP now owns 566,255 shares of the restaurant operator’s stock worth $47,469,000 after acquiring an additional 507,000 shares in the last quarter. Norges Bank acquired a new position in shares of Jack in the Box in the 4th quarter worth approximately $23,325,000. Man Group plc boosted its holdings in shares of Jack in the Box by 795.1% in the 3rd quarter. Man Group plc now owns 197,099 shares of the restaurant operator’s stock worth $16,522,000 after acquiring an additional 175,080 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Jack in the Box by 24.3% in the 3rd quarter. Macquarie Group Ltd. now owns 633,009 shares of the restaurant operator’s stock worth $53,065,000 after acquiring an additional 123,630 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new position in shares of Jack in the Box in the 3rd quarter worth approximately $10,168,000. 95.52% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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