Jack in the Box (JACK) Stock Rating Lowered by Jefferies Group

Jack in the Box (NASDAQ:JACK) was downgraded by Jefferies Group from a “buy” rating to a “hold” rating in a research note issued on Wednesday. They currently have a $100.00 price target on the restaurant operator’s stock, down from their previous price target of $120.00. Jefferies Group’s target price suggests a potential downside of 0.31% from the stock’s previous close. Jefferies Group also issued estimates for Jack in the Box’s Q1 2018 earnings at $1.10 EPS and FY2019 earnings at $4.22 EPS.

A number of other analysts also recently weighed in on the company. Wells Fargo & Company decreased their price target on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Oppenheimer restated a “buy” rating and issued a $125.00 price target on shares of Jack in the Box in a research note on Monday, November 20th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $115.00 to $104.00 in a research note on Monday, November 20th. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Telsey Advisory Group upgraded Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research note on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the stock. Jack in the Box currently has a consensus rating of “Hold” and a consensus target price of $111.08.

Jack in the Box (NASDAQ:JACK) traded up $0.13 during trading on Wednesday, hitting $100.31. The company had a trading volume of 695,700 shares, compared to its average volume of 677,079. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. Jack in the Box has a 12-month low of $90.89 and a 12-month high of $113.00. The stock has a market capitalization of $2,950.00, a P/E ratio of 25.82, a PEG ratio of 1.80 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. research analysts expect that Jack in the Box will post 4.49 EPS for the current fiscal year.

In other news, SVP Paul D. Melancon sold 461 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $45,998.58. Following the completion of the transaction, the senior vice president now directly owns 5,370 shares of the company’s stock, valued at $535,818.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Leonard A. Comma sold 9,436 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $941,524.08. Following the completion of the transaction, the chief executive officer now directly owns 181,320 shares of the company’s stock, valued at $18,092,109.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,201 shares of company stock valued at $2,641,365. Insiders own 2.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in shares of Jack in the Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Jack in the Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after purchasing an additional 601 shares during the last quarter. Victory Capital Management Inc. increased its stake in Jack in the Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 283 shares during the last quarter. FNY Managed Accounts LLC increased its stake in Jack in the Box by 90.6% in the second quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock valued at $199,000 after purchasing an additional 965 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Jack in the Box in the third quarter valued at $203,000. 98.71% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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