Jack in the Box Inc. (NASDAQ:JACK) has earned an average rating of “Buy” from the twenty ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $119.22.
Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Jack in the Box from $140.00 to $125.00 and set an “overweight” rating on the stock in a research report on Thursday, August 5th. Wedbush decreased their target price on Jack in the Box from $135.00 to $117.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Royal Bank of Canada decreased their target price on Jack in the Box from $140.00 to $132.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Guggenheim started coverage on Jack in the Box in a report on Monday, July 26th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Barclays decreased their target price on Jack in the Box from $129.00 to $127.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 30th.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Jack in the Box in the second quarter worth about $33,000. Lazard Asset Management LLC lifted its position in shares of Jack in the Box by 27.4% in the first quarter. Lazard Asset Management LLC now owns 576 shares of the restaurant operator’s stock worth $63,000 after buying an additional 124 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Jack in the Box by 197.7% in the first quarter. Captrust Financial Advisors now owns 649 shares of the restaurant operator’s stock worth $71,000 after buying an additional 431 shares during the last quarter. FinTrust Capital Advisors LLC lifted its position in shares of Jack in the Box by 17.1% in the second quarter. FinTrust Capital Advisors LLC now owns 994 shares of the restaurant operator’s stock worth $111,000 after buying an additional 145 shares during the last quarter. Finally, Ameritas Investment Company LLC acquired a new stake in shares of Jack in the Box in the first quarter worth about $120,000. 99.06% of the stock is owned by hedge funds and other institutional investors.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, August 3rd. The restaurant operator reported $1.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.30. Jack in the Box had a negative return on equity of 20.52% and a net margin of 14.69%. The company had revenue of $269.50 million for the quarter, compared to analysts’ expectations of $258.89 million. During the same period last year, the firm earned $1.37 EPS. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts forecast that Jack in the Box will post 7.2 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 3rd. Investors of record on Wednesday, August 18th were given a dividend of $0.44 per share. The ex-dividend date was Tuesday, August 17th. This represents a $1.76 dividend on an annualized basis and a yield of 1.70%. Jack in the Box’s payout ratio is 37.85%.
About Jack in the Box
Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.
Featured Story: Gross Domestic Product (GDP)
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.