Oppenheimer Holdings Inc. Reaffirms Outperform Rating for Jack in the Box Inc. (JACK)

Oppenheimer Holdings Inc. reissued their outperform rating on shares of Jack in the Box Inc. (NASDAQ:JACK) in a research report released on Friday morning. Oppenheimer Holdings Inc. currently has a $125.00 price target on the restaurant operator’s stock.

Other analysts have also issued reports about the company. Zacks Investment Research upgraded Jack in the Box from a hold rating to a buy rating and set a $122.00 price objective for the company in a research report on Monday, February 20th. Jefferies Group LLC reiterated a buy rating on shares of Jack in the Box in a research report on Friday, February 24th. Cowen and Company set a $125.00 price objective on Jack in the Box and gave the stock a buy rating in a research report on Wednesday, February 22nd. SunTrust Banks, Inc. upgraded Jack in the Box from a neutral rating to a buy rating and lifted their price objective for the stock from $102.00 to $122.00 in a research report on Friday, February 10th. Finally, Barclays PLC reiterated an equal weight rating and issued a $110.00 price objective (down from $119.00) on shares of Jack in the Box in a research report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $110.34.

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

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

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

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

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

Several institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Jack in the Box by 20,582.3% in the first quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock valued at $333,074,000 after buying an additional 3,258,594 shares in the last quarter. FMR LLC raised its position in shares of Jack in the Box by 72.6% in the first quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock valued at $130,542,000 after buying an additional 539,805 shares in the last quarter. State Street Corp raised its position in shares of Jack in the Box by 2.0% in the first quarter. State Street Corp now owns 1,060,981 shares of the restaurant operator’s stock valued at $107,920,000 after buying an additional 20,786 shares in the last quarter. Credit Suisse AG raised its position in shares of Jack in the Box by 514.2% in the first quarter. Credit Suisse AG now owns 943,680 shares of the restaurant operator’s stock valued at $95,990,000 after buying an additional 790,044 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Jack in the Box by 1.6% in the third quarter. Northern Trust Corp now owns 607,391 shares of the restaurant operator’s stock valued at $58,273,000 after buying an additional 9,287 shares in the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.

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.

5 Day Chart for NASDAQ:JACK

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