Shares of Jack in the Box Inc. (NASDAQ:JACK) have been given a consensus rating of “Buy” by the twenty research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $117.17.
Several equities research analysts have commented on the company. Cowen cut their price objective on Jack in the Box from $140.00 to $130.00 and set an “outperform” rating for the company in a research note on Wednesday. Robert W. Baird cut their price objective on Jack in the Box from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday. Wells Fargo & Company lowered their target price on Jack in the Box from $140.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 5th. Oppenheimer lowered their target price on Jack in the Box from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Morgan Stanley lowered their target price on Jack in the Box from $115.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Jack in the Box during the second quarter worth $33,000. Captrust Financial Advisors lifted its stake in Jack in the Box by 197.7% during the first quarter. Captrust Financial Advisors now owns 649 shares of the restaurant operator’s stock worth $71,000 after purchasing an additional 431 shares in the last quarter. Rocky Mountain Advisers LLC acquired a new position in Jack in the Box during the third quarter worth $73,000. US Asset Management LLC acquired a new position in Jack in the Box during the third quarter worth $83,000. Finally, Dark Forest Capital Management LP lifted its stake in Jack in the Box by 677.2% during the third quarter. Dark Forest Capital Management LP now owns 956 shares of the restaurant operator’s stock worth $93,000 after purchasing an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Monday, November 22nd. The restaurant operator reported $1.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.01. 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 $278.50 million during the quarter, compared to analyst estimates of $288.76 million. During the same period in the previous year, the business earned $1.61 EPS. Jack in the Box’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, sell-side analysts expect that Jack in the Box will post 7.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 23rd. Investors of record on Thursday, December 9th will be issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Wednesday, December 8th. Jack in the Box’s dividend payout ratio is presently 24.38%.
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.
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