Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer Holdings, Inc. in a note issued to investors on Friday, May 12th. They presently have a $125.00 price objective on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price objective points to a potential upside of 17.54% from the company’s current price.
Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Jack In The Box from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Barclays PLC reissued an “equal weight” rating and issued a $110.00 price target (down from $119.00) on shares of Jack In The Box in a report on Friday, February 24th. Jefferies Group LLC restated a “buy” rating on shares of Jack In The Box in a research note on Friday, February 24th. Robert W. Baird restated an “outperform” rating on shares of Jack In The Box in a research note on Thursday, February 16th. Finally, Cowen and Company set a $125.00 price objective on shares of Jack In The Box and gave the company a “buy” rating in a research note on Wednesday, February 22nd. Three investment 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. The company presently has a consensus rating of “Hold” and a consensus target price of $115.00.
Shares of Jack In The Box (NASDAQ JACK) traded up 0.07% during trading on Friday, hitting $106.35. The company had a trading volume of 837,720 shares. The firm’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 P/E ratio of 26.28 and a beta of 0.59. Jack In The Box has a 52 week low of $82.65 and a 52 week high of $113.30.
Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. The firm had revenue of $369.40 million during the quarter, compared to the consensus estimate of $369.36 million. During the same period in the prior year, the firm earned $0.85 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Jack In The Box will post $4.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Tuesday, May 30th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, May 25th. Jack In The Box’s dividend payout ratio (DPR) is currently 39.51%.
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In related news, EVP Phillip H. Rudolph sold 6,908 shares of the stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now owns 99,261 shares in the company, valued at approximately $10,287,410.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.
A number of large investors have recently modified their holdings of JACK. BlackRock Inc. raised its stake 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 worth $333,074,000 after buying an additional 3,258,594 shares in the last quarter. FMR LLC raised its stake 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 worth $130,542,000 after buying an additional 539,805 shares in the last quarter. State Street Corp raised its stake 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 worth $107,920,000 after buying an additional 20,786 shares in the last quarter. Credit Suisse AG raised its stake 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 in the last quarter. Finally, Northern Trust Corp raised its stake 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 worth $58,273,000 after buying an additional 9,287 shares in the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.
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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