Jack in the Box Inc. (NASDAQ:JACK) has earned an average recommendation of “Buy” from the seventeen research firms that are covering the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $104.95.
Several research analysts have commented on the company. SunTrust Banks, Inc. upgraded Jack in the Box from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $102.00 to $122.00 in a report on Friday. Goldman Sachs Group, Inc. (The) initiated coverage on Jack in the Box in a report on Monday, October 24th. They issued a “sell” rating and a $88.00 price target on the stock. Jefferies Group LLC reiterated a “buy” rating on shares of Jack in the Box in a report on Friday, January 6th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a report on Tuesday, November 22nd. Finally, TheStreet downgraded Jack in the Box from a “buy” rating to a “hold” rating in a report on Monday, November 21st.
Shares of Jack in the Box (NASDAQ:JACK) opened at 111.92 on Monday. The company has a 50-day moving average price of $108.64 and a 200 day moving average price of $101.62. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 30.78 and a beta of 0.55. Jack in the Box has a one year low of $61.78 and a one year high of $113.30.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 21st. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.88 by $0.15. The company had revenue of $398.42 million for the quarter, compared to the consensus estimate of $398.67 million. Jack in the Box had a negative return on equity of 83.17% and a net margin of 7.76%. Jack in the Box’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS. Equities research analysts expect that Jack in the Box will post $4.71 earnings per share for the current year.
In other news, VP Raymond Pepper sold 963 shares of the company’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $108.98, for a total value of $104,947.74. Following the completion of the sale, the vice president now directly owns 5,079 shares in the company, valued at $553,509.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Vanessa C. Fox sold 892 shares of the company’s stock in a transaction that occurred on Wednesday, December 7th. The shares were sold at an average price of $110.44, for a total value of $98,512.48. Following the completion of the sale, the vice president now owns 2,863 shares of the company’s stock, valued at $316,189.72. The disclosure for this sale can be found here. Insiders sold 88,945 shares of company stock valued at $9,327,634 over the last 90 days. Company insiders own 2.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its position in Jack in the Box by 266.2% in the fourth quarter. Marshall Wace LLP now owns 44,424 shares of the company’s stock worth $4,960,000 after buying an additional 32,293 shares during the period. FMR LLC raised its stake in Jack in the Box by 145.6% in the fourth quarter. FMR LLC now owns 743,539 shares of the company’s stock worth $83,009,000 after buying an additional 440,741 shares in the last quarter. Martingale Asset Management L P raised its stake in Jack in the Box by 2.0% in the fourth quarter. Martingale Asset Management L P now owns 51,305 shares of the company’s stock worth $5,728,000 after buying an additional 994 shares in the last quarter. Comerica Bank raised its stake in Jack in the Box by 1.8% in the fourth quarter. Comerica Bank now owns 71,991 shares of the company’s stock worth $7,770,000 after buying an additional 1,248 shares in the last quarter. Finally, Cadence Capital Management LLC bought a new stake in Jack in the Box during the fourth quarter worth $390,000. Hedge funds and other institutional investors own 98.13% of the company’s stock.
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About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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