Jack in the Box (JACK) PT Lowered to $95.00 at Wells Fargo & Co

Jack in the Box (NASDAQ:JACK) had its price objective lowered by Wells Fargo & Co from $96.00 to $95.00 in a research report issued on Thursday. The firm currently has an “outperform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s price target would suggest a potential upside of 19.33% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley cut their price objective on shares of Jack in the Box from $96.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 18th. Cowen reaffirmed a “hold” rating and issued a $81.00 price objective on shares of Jack in the Box in a research report on Friday, November 30th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $95.00 price objective on shares of Jack in the Box in a research report on Thursday, November 22nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Jack in the Box in a research report on Wednesday, November 21st. Finally, BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, November 21st. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $91.90.

JACK traded down $4.44 during trading on Thursday, hitting $79.61. The company had a trading volume of 2,099,333 shares, compared to its average volume of 506,043. The stock has a market capitalization of $2.14 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.60 and a beta of 0.62. Jack in the Box has a one year low of $74.19 and a one year high of $93.98.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.08). The company had revenue of $177.47 million during the quarter, compared to the consensus estimate of $175.26 million. Jack in the Box had a net margin of 13.96% and a negative return on equity of 23.22%. The company’s revenue was down 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 earnings per share. As a group, equities research analysts predict that Jack in the Box will post 4.3 EPS for the current fiscal year.

In other Jack in the Box news, VP Carol A. Diraimo sold 419 shares of the 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 $36,729.54. Following the transaction, the vice president now owns 16,491 shares in the company, valued at approximately $1,445,601.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Leonard A. Comma sold 1,615 shares of the stock in a transaction that occurred on Friday, December 21st. The stock was sold at an average price of $77.44, for a total transaction of $125,065.60. Following the transaction, the chief executive officer now owns 207,552 shares in the company, valued at approximately $16,072,826.88. The disclosure for this sale can be found here. Insiders have sold a total of 15,563 shares of company stock worth $1,344,242 over the last three months. Insiders own 2.30% of the company’s stock.

Institutional investors have recently modified their holdings of the company. JNBA Financial Advisors bought a new stake in shares of Jack in the Box during the 4th quarter worth approximately $31,000. Ancora Advisors LLC bought a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $110,000. Strs Ohio lifted its holdings in shares of Jack in the Box by 600.0% during the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after acquiring an additional 1,200 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Jack in the Box by 267.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock worth $129,000 after acquiring an additional 1,123 shares during the period. Finally, Signition LP bought a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $205,000. 95.52% of the stock is owned by institutional investors.

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.

Featured Story: How to read a candlestick chart

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

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit