Jack in the Box Inc. (JACK) Given “Hold” Rating at Cowen and Company

Cowen and Company reaffirmed their hold rating on shares of Jack in the Box Inc. (NASDAQ:JACK) in a research report sent to investors on Friday. They currently have a $100.00 price target on the restaurant operator’s stock.

“Our est for -1% Jack comps in 2Q matches Consensus Metrix, but we trail on EPS.”,” the firm’s analyst commented.

JACK has been the topic of a number of other reports. Zacks Investment Research lowered shares of Jack in the Box from a hold rating to a sell rating in a report on Thursday, March 23rd. Robert W. Baird restated an outperform rating and issued a $125.00 target price on shares of Jack in the Box in a report on Saturday, March 11th. Wells Fargo & Co restated a market perform rating on shares of Jack in the Box in a report on Thursday, February 23rd. They noted that the move was a valuation call. Jefferies Group LLC restated a buy rating on shares of Jack in the Box in a report on Friday, February 24th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and issued a $125.00 target price on shares of Jack in the Box in a report on Monday, February 27th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. Jack in the Box has a consensus rating of Hold and an average target price of $110.34.

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK) opened at 107.67 on Friday. The stock has a market capitalization of $3.41 billion, a P/E ratio of 28.22 and a beta of 0.55. The firm’s 50-day moving average is $101.86 and its 200-day moving average is $103.76. Jack in the Box has a 52 week low of $73.29 and a 52 week high of $113.30.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The company had revenue of $369.40 million for the quarter, compared to analyst estimates of $369.36 million. Jack in the Box had a net margin of 7.76% and a negative return on equity of 83.17%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities research analysts predict that Jack in the Box will post $4.35 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Tuesday, May 30th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, May 25th. Jack in the Box’s dividend payout ratio (DPR) is presently 43.96%.

In related news, Director David Goebel sold 1,538 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $97.69, for a total transaction of $150,247.22. Following the completion of the sale, the director now owns 21,748 shares of the company’s stock, valued at approximately $2,124,562.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Vanessa C. Fox sold 1,780 shares of the stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $94.63, for a total transaction of $168,441.40. Following the sale, the vice president now directly owns 2,009 shares of the company’s stock, valued at approximately $190,111.67. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. BRC Investment Management LLC purchased a new stake in shares of Jack in the Box during the third quarter valued at about $705,000. Quantbot Technologies LP increased its stake in shares of Jack in the Box by 64.1% in the third quarter. Quantbot Technologies LP now owns 13,795 shares of the restaurant operator’s stock valued at $1,323,000 after buying an additional 5,389 shares during the period. BlackRock Advisors LLC increased its stake in shares of Jack in the Box by 9.6% in the third quarter. BlackRock Advisors LLC now owns 16,848 shares of the restaurant operator’s stock valued at $1,616,000 after buying an additional 1,469 shares during the period. BlackRock Inc. increased its stake in shares of Jack in the Box by 6.3% in the third quarter. BlackRock Inc. now owns 16,498 shares of the restaurant operator’s stock valued at $1,582,000 after buying an additional 972 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Jack in the Box by 2.5% in the third quarter. Teachers Advisors LLC now owns 54,288 shares of the restaurant operator’s stock valued at $5,208,000 after buying an additional 1,348 shares during the period. 98.13% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Company Profile

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.

5 Day Chart for NASDAQ:JACK

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