Jack in the Box (JACK) Given a $110.00 Price Target by SunTrust Banks Analysts

SunTrust Banks set a $110.00 price target on Jack in the Box (NASDAQ:JACK) in a report issued on Thursday. The brokerage currently has a buy rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Jack in the Box’s Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.

JACK has been the topic of a number of other reports. Zacks Investment Research raised Jack in the Box from a sell rating to a hold rating in a report on Wednesday, October 18th. Wedbush reissued a hold rating and issued a $104.00 price target on shares of Jack in the Box in a report on Friday, December 1st. Wells Fargo & Co lowered their price target on Jack in the Box from $120.00 to $117.00 and set an outperform rating on the stock in a report on Wednesday, November 15th. Robert W. Baird set a $115.00 price target on Jack in the Box and gave the stock a buy rating in a report on Monday, November 27th. Finally, Oppenheimer reaffirmed a buy rating on shares of Jack in the Box in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Jack in the Box currently has a consensus rating of Hold and an average target price of $111.15.

Jack in the Box (JACK) traded down $1.78 during midday trading on Thursday, reaching $92.86. The company had a trading volume of 1,208,700 shares, compared to its average volume of 1,108,222. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box has a one year low of $90.89 and a one year high of $113.00. The stock has a market cap of $2,730.00, a PE ratio of 20.68, a PEG ratio of 1.57 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. During the same period in the prior year, the firm posted $1.03 earnings per share. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. sell-side analysts predict that Jack in the Box will post 4.43 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JACK. Jana Partners LLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at approximately $134,200,000. Koch Industries Inc. bought a new position in shares of Jack in the Box during the 2nd quarter valued at approximately $568,000. Bain Capital Public Equity Management LLC bought a new position in shares of Jack in the Box during the 2nd quarter valued at approximately $54,752,000. Janus Henderson Group PLC bought a new position in shares of Jack in the Box during the 2nd quarter valued at approximately $53,737,000. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of Jack in the Box by 60.9% during 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 last quarter. 99.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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