Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “outperform” rating reaffirmed by research analysts at Wells Fargo & Company in a report issued on Thursday. They presently have a $120.00 price objective on the restaurant operator’s stock. Wells Fargo & Company’s price objective would indicate a potential upside of 23.65% from the stock’s current price.
A number of other research firms have also recently commented on JACK. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a research note on Friday, May 12th. Zacks Investment Research upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Jefferies Group LLC restated a “buy” rating on shares of Jack In The Box in a research note on Wednesday, May 3rd. Bank of America Corporation restated a “buy” rating on shares of Jack In The Box in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Finally, TheStreet upgraded shares of Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $114.85.
Shares of Jack In The Box (NASDAQ JACK) opened at 97.05 on Thursday. The company’s 50-day moving average is $95.67 and its 200-day moving average is $101.16. Jack In The Box has a 12-month low of $91.02 and a 12-month high of $113.30. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 22.39 and a beta of 0.57.
Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same quarter in the previous year, the business posted $1.07 EPS. Jack In The Box’s revenue was down 3.0% on a year-over-year basis. Equities research analysts predict that Jack In The Box will post $4.11 earnings per share for the current year.
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In related news, EVP Phillip H. Rudolph sold 6,908 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were 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 directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in 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 during the period. Credit Suisse AG raised its position in 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 period. FMR LLC raised its position in 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 during the period. Vaughan Nelson Investment Management L.P. acquired a new position in Jack In The Box during the second quarter worth $52,047,000. Finally, Janus Capital Management LLC raised its position in 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 period. 93.90% of the stock is 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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