Jack in the Box (JACK) PT Set at $109.00 by SunTrust Banks

SunTrust Banks set a $109.00 price target on Jack in the Box (NASDAQ:JACK) in a report released on Friday morning. The brokerage currently has a buy rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Jack in the Box’s Q4 2017 earnings at $0.90 EPS, FY2017 earnings at $4.07 EPS, Q1 2018 earnings at $1.37 EPS, Q1 2018 earnings at $1.51 EPS, Q2 2018 earnings at $1.15 EPS, Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.12 EPS, Q4 2018 earnings at $1.08 EPS, FY2018 earnings at $4.96 EPS, FY2018 earnings at $4.68 EPS, Q1 2019 earnings at $1.50 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.25 EPS, FY2019 earnings at $5.00 EPS, FY2020 earnings at $5.30 EPS and FY2021 earnings at $5.68 EPS.

JACK has been the subject of a number of other research reports. Jefferies Group reissued a buy rating and issued a $120.00 price objective on shares of Jack in the Box in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Jack in the Box from a sell rating to a hold rating in a research report on Wednesday, October 18th. Wedbush reissued a hold rating and issued a $104.00 price objective on shares of Jack in the Box in a research report on Friday. Wells Fargo & Company reissued an outperform rating and issued a $125.00 price objective on shares of Jack in the Box in a research report on Thursday, August 3rd. Finally, Robert W. Baird set a $115.00 price objective on shares of Jack in the Box and gave the company a buy rating in a research report on Monday, November 27th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $112.62.

Jack in the Box (NASDAQ JACK) opened at $106.61 on Friday. Jack in the Box has a 12-month low of $90.89 and a 12-month high of $113.30. The company has a market cap of $3,096.40, a PE ratio of 27.11, a PEG ratio of 1.72 and a beta of 0.51. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The firm had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. During the same period last year, the business earned $1.03 EPS. The business’s revenue was down 15.0% on a year-over-year basis. sell-side analysts expect that Jack in the Box will post 4.58 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, December 1st. Jack in the Box’s payout ratio is 36.36%.

In related news, insider Frances L. Allen sold 530 shares of Jack in the Box stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the completion of the sale, the insider now owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Jana Partners LLC bought a new stake in Jack in the Box in the 3rd quarter valued at about $134,200,000. Koch Industries Inc. bought a new stake in Jack in the Box in the 2nd quarter valued at about $568,000. Bain Capital Public Equity Management LLC bought a new stake in Jack in the Box in the 2nd quarter valued at about $54,752,000. Janus Henderson Group PLC bought a new stake in Jack in the Box in the 2nd quarter valued at about $53,737,000. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in 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 valued at $86,656,000 after purchasing an additional 321,825 shares during the period. 99.26% of the stock is owned by institutional investors and hedge funds.

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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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