Jack in the Box (NASDAQ:JACK) was upgraded by investment analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research note issued on Friday, MarketBeat.com reports.
Several other analysts have also issued reports on JACK. Robert W. Baird restated 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. Stifel Nicolaus started coverage on Jack in the Box in a research note on Monday, October 2nd. They issued a “hold” rating and a $105.00 price objective on the stock. Telsey Advisory Group upgraded Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Wednesday, October 4th. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Jefferies Group restated a “buy” rating and issued a $120.00 price objective on shares of Jack in the Box in a research note on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Jack in the Box currently has a consensus rating of “Hold” and a consensus price target of $111.38.
Shares of Jack in the Box (NASDAQ:JACK) opened at $98.40 on Friday. Jack in the Box has a twelve month low of $90.89 and a twelve month high of $113.00. The stock has a market capitalization of $2,896.21, a PE ratio of 25.36, a P/E/G ratio of 1.61 and a beta of 0.52. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79.
In other news, VP Dean C. Gordon sold 278 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the transaction, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frances L. Allen sold 530 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares in the company, valued at approximately $1,127,653.09. The disclosure for this sale can be found here. Insiders sold 26,201 shares of company stock worth $2,641,365 in the last ninety days. 2.10% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. grew its position in shares of Jack in the Box by 60.9% in the third 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 last quarter. Bain Capital Public Equity Management LLC acquired a new stake in Jack in the Box during the second quarter worth approximately $54,752,000. Clinton Group Inc. grew its position in Jack in the Box by 51.1% during the second quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after buying an additional 6,617 shares in the last quarter. Bank of Nova Scotia acquired a new stake in Jack in the Box during the second quarter worth approximately $9,850,000. Finally, Ameriprise Financial Inc. grew its position in Jack in the Box by 57.5% during the second quarter. Ameriprise Financial Inc. now owns 137,738 shares of the restaurant operator’s stock worth $13,568,000 after buying an additional 50,287 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors.
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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