Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “hold” rating reissued by stock analysts at Cowen and Company in a note issued to investors on Friday, May 12th. They presently have a $100.00 target price on the restaurant operator’s stock. Cowen and Company’s price objective would indicate a potential downside of 5.97% from the stock’s previous close.
The analysts wrote, “Our est for -1% Jack comps in 2Q matches Consensus Metrix, but we trail on EPS.””
A number of other equities research analysts have also weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a research report on Friday, May 12th. Zacks Investment Research lowered Jack In The Box from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Jefferies Group LLC reissued a “buy” rating on shares of Jack In The Box in a research report on Wednesday, May 3rd. Robert W. Baird reissued an “outperform” rating and issued a $125.00 price target on shares of Jack In The Box in a research report on Saturday, March 11th. Finally, Citigroup Inc. reissued an “outperform” rating on shares of Jack In The Box in a research report on Tuesday, March 7th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. Jack In The Box currently has an average rating of “Hold” and a consensus target price of $115.00.
Jack In The Box (NASDAQ:JACK) traded up 0.07% during mid-day trading on Friday, reaching $106.35. 837,720 shares of the company traded hands. The company’s 50-day moving average is $104.87 and its 200-day moving average is $104.68. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 26.28 and a beta of 0.59. Jack In The Box has a 12-month low of $82.65 and a 12-month high of $113.30.
Jack In The Box (NASDAQ:JACK) last issued its earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The business 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 49.06% and a net margin of 8.07%. Jack In The Box’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Equities analysts predict that Jack In The Box will post $4.20 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Tuesday, May 30th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.50%. Jack In The Box’s payout ratio is 39.51%.
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In related news, EVP Phillip H. Rudolph sold 6,908 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $103.64, for a total value of $715,945.12. Following the completion of the transaction, the executive vice president now owns 99,261 shares of the company’s stock, valued at approximately $10,287,410.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. UBS Oconnor LLC boosted its position in Jack In The Box by 21.0% in the first quarter. UBS Oconnor LLC now owns 39,725 shares of the restaurant operator’s stock worth $4,041,000 after buying an additional 6,901 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in Jack In The Box during the first quarter worth $108,000. Janus Capital Management LLC boosted its position in shares of Jack In The Box by 75.6% in the first quarter. Janus Capital Management LLC now owns 502,178 shares of the restaurant operator’s stock worth $51,082,000 after buying an additional 216,234 shares during the last quarter. Credit Suisse AG boosted 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 worth $95,990,000 after buying an additional 790,044 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Jack In The Box by 2.3% in the first quarter. AQR Capital Management LLC now owns 555,430 shares of the restaurant operator’s stock worth $56,498,000 after buying an additional 12,645 shares during the last quarter. 94.19% of the stock is owned by 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.
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