Shares of Jack In The Box Inc. (NASDAQ:JACK) have received an average recommendation of “Buy” from the sixteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $113.60.
A number of analysts have recently weighed in on JACK shares. TheStreet upgraded shares of Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. BidaskClub cut shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. 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. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $125.00 price objective on shares of Jack In The Box in a research note on Friday, May 12th. Finally, Wells Fargo & Company restated a “market perform” rating on shares of Jack In The Box in a research note on Sunday, May 14th.
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In related news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the transaction, the executive vice president now owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in JACK. Hussman Strategic Advisors Inc. bought a new position in shares of Jack In The Box during the first quarter worth about $2,543,000. Stoneridge Investment Partners LLC acquired a new stake in shares of Jack In The Box during the first quarter valued at about $765,000. Great West Life Assurance Co. Can raised its stake in shares of Jack In The Box by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 18,541 shares of the restaurant operator’s stock valued at $1,886,000 after buying an additional 372 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in shares of Jack In The Box by 4.6% in the first quarter. Kornitzer Capital Management Inc. KS now owns 3,400 shares of the restaurant operator’s stock valued at $346,000 after buying an additional 150 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Jack In The Box by 185.9% in the first quarter. Canada Pension Plan Investment Board now owns 110,582 shares of the restaurant operator’s stock valued at $11,248,000 after buying an additional 71,900 shares during the period. 93.90% of the stock is currently owned by institutional investors and hedge funds.
Jack In The Box (NASDAQ:JACK) traded down 1.38% during midday trading on Friday, reaching $95.97. 470,273 shares of the company were exchanged. The firm has a market cap of $2.82 billion, a P/E ratio of 22.14 and a beta of 0.57. Jack In The Box has a one year low of $91.02 and a one year high of $113.30. The firm’s 50-day moving average is $95.35 and its 200-day moving average is $100.86.
Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $360.84 million. During the same quarter in the previous year, the firm posted $1.07 earnings per share. Jack In The Box’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities analysts expect that Jack In The Box will post $4.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Friday, August 18th. Jack In The Box’s dividend payout ratio (DPR) is currently 36.70%.
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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