Jack in the Box Inc. (NASDAQ:JACK) has been assigned an average recommendation of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $93.30.
A number of research firms have recently weighed in on JACK. ValuEngine raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Cowen reaffirmed a “hold” rating on shares of Jack in the Box in a research report on Thursday, May 16th. BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Saturday. SunTrust Banks lifted their price objective on Jack in the Box to $108.00 and gave the company a “buy” rating in a research report on Friday, May 17th. Finally, Goldman Sachs Group began coverage on Jack in the Box in a research report on Monday, July 29th. They set a “sell” rating and a $69.00 price objective on the stock.
In related news, EVP Mark H. Blankenship sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $89.00, for a total value of $89,000.00. Following the transaction, the executive vice president now directly owns 22,097 shares of the company’s stock, valued at approximately $1,966,633. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $89.00, for a total value of $267,000.00. Following the completion of the transaction, the chief executive officer now directly owns 189,522 shares in the company, valued at $16,867,458. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,807 shares of company stock worth $2,731,463. 2.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in Jack in the Box by 6,483.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 389 shares during the last quarter. Strs Ohio bought a new stake in Jack in the Box in the 2nd quarter worth approximately $40,000. Quadrant Capital Group LLC increased its stake in Jack in the Box by 1,815.0% in the 1st quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock worth $60,000 after acquiring an additional 726 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Jack in the Box in the 2nd quarter worth approximately $159,000. Finally, US Bancorp DE increased its stake in Jack in the Box by 61.7% in the 2nd quarter. US Bancorp DE now owns 2,096 shares of the restaurant operator’s stock worth $170,000 after acquiring an additional 800 shares during the last quarter. 95.52% of the stock is currently owned by institutional investors.
Shares of JACK stock traded up $0.15 during trading hours on Wednesday, reaching $89.21. 406,575 shares of the company traded hands, compared to its average volume of 567,105. Jack in the Box has a 12-month low of $70.77 and a 12-month high of $91.72. The stock has a market cap of $2.26 billion, a P/E ratio of 23.54, a P/E/G ratio of 1.59 and a beta of 0.30. The stock’s 50-day moving average price is $78.80.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The firm had revenue of $222.36 million for the quarter, compared to analysts’ expectations of $220.44 million. During the same period in the previous year, the firm earned $1.00 EPS. The business’s quarterly revenue was up 18.3% on a year-over-year basis. As a group, equities research analysts forecast that Jack in the Box will post 4.26 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. Jack in the Box’s dividend payout ratio is presently 42.22%.
About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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