Analysts Set Jack In The Box Inc. (JACK) Target Price at $113.38

Shares of Jack In The Box Inc. (NASDAQ:JACK) have been given a consensus rating of “Buy” by the seventeen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $113.38.

A number of analysts have issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Jack In The Box in a research note on Tuesday, September 19th. Wedbush reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Jack In The Box in a research note on Friday, October 13th. BidaskClub downgraded Jack In The Box from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Jack In The Box in a research note on Thursday, August 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Jack In The Box in a research note on Thursday, August 10th.

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Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Jack In The Box by 20,582.3% in the 1st quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock worth $333,074,000 after purchasing an additional 3,258,594 shares during the period. State Street Corp boosted its holdings in shares of Jack In The Box by 0.3% in the 2nd quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock worth $104,850,000 after purchasing an additional 3,496 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Jack In The Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after purchasing an additional 321,825 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Jack In The Box by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock worth $73,497,000 after purchasing an additional 8,434 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Jack In The Box in the 2nd quarter worth approximately $568,000. Hedge funds and other institutional investors own 94.61% of the company’s stock.

Shares of Jack In The Box (NASDAQ JACK) traded up 1.76% during mid-day trading on Thursday, reaching $104.03. The company’s stock had a trading volume of 463,098 shares. Jack In The Box has a 12-month low of $90.89 and a 12-month high of $113.30. The stock has a market capitalization of $3.06 billion, a P/E ratio of 24.00 and a beta of 0.58. The company’s 50-day moving average price is $99.34 and its 200-day moving average price is $99.54.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) 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 the consensus estimate of $360.84 million. During the same period in the previous year, the firm earned $1.07 EPS. The business’s revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts forecast that Jack In The Box will post $4.05 earnings per share for the current fiscal year.

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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