Jack in the Box (JACK) Stock Rating Reaffirmed by Cowen

Cowen reaffirmed their hold rating on shares of Jack in the Box (NASDAQ:JACK) in a research note published on Friday morning. Cowen currently has a $81.00 target price on the restaurant operator’s stock.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Jack in the Box from a hold rating to a strong sell rating in a research report on Monday, November 26th. Jefferies Financial Group restated a hold rating and set a $95.00 price objective on shares of Jack in the Box in a research report on Thursday, November 22nd. Stifel Nicolaus restated a hold rating on shares of Jack in the Box in a research report on Wednesday, November 21st. BidaskClub upgraded shares of Jack in the Box from a sell rating to a hold rating in a research report on Wednesday, November 21st. Finally, ValuEngine upgraded shares of Jack in the Box from a sell rating to a hold rating in a research report on Monday, November 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $94.09.

Shares of JACK stock opened at $87.66 on Friday. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 23.13, a P/E/G ratio of 1.74 and a beta of 0.48. Jack in the Box has a 12-month low of $75.09 and a 12-month high of $108.55.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). The company had revenue of $177.47 million for the quarter, compared to analyst estimates of $175.26 million. Jack in the Box had a negative return on equity of 23.22% and a net margin of 13.96%. The company’s revenue was down 23.5% on a year-over-year basis. During the same quarter last year, the business earned $0.73 earnings per share. Sell-side analysts anticipate that Jack in the Box will post 4.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Wednesday, December 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.83%. Jack in the Box’s payout ratio is 42.22%.

In other news, CEO Leonard A. Comma sold 11,528 shares of Jack in the Box stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $87.66, for a total value of $1,010,544.48. Following the completion of the sale, the chief executive officer now directly owns 196,397 shares in the company, valued at $17,216,161.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Paul D. Melancon sold 488 shares of Jack in the Box stock in a transaction that occurred on Friday, November 30th. The shares were sold at an average price of $87.66, for a total transaction of $42,778.08. Following the completion of the sale, the senior vice president now owns 5,594 shares of the company’s stock, valued at $490,370.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,454 shares of company stock valued at $1,347,154. 2.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new position in Jack in the Box during the third quarter valued at approximately $110,000. Tower Research Capital LLC TRC raised its position in Jack in the Box by 267.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 1,123 shares in the last quarter. Signition LP acquired a new position in Jack in the Box during the third quarter valued at approximately $205,000. NumerixS Investment Technologies Inc acquired a new position in Jack in the Box during the second quarter valued at approximately $242,000. Finally, Stevens Capital Management LP acquired a new position in Jack in the Box during the second quarter valued at approximately $284,000.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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

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