Brokerages Set Jack in the Box Inc. (JACK) Price Target at $92.14

Jack in the Box Inc. (NASDAQ:JACK) has been given an average rating of “Hold” by the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $92.50.

Several research firms have commented on JACK. BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Monday, January 7th. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $115.00 to $80.00 in a report on Friday, October 26th. Morgan Stanley reiterated a “hold” rating on shares of Jack in the Box in a report on Tuesday, October 23rd. Wells Fargo & Co decreased their target price on shares of Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Zacks Investment Research cut shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a report on Monday, November 26th.

Jack in the Box stock traded up $0.66 during trading hours on Wednesday, hitting $80.27. 598,024 shares of the company traded hands, compared to its average volume of 508,925. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 21.18, a PEG ratio of 1.62 and a beta of 0.62. Jack in the Box has a 1-year low of $74.19 and a 1-year high of $93.98.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Monday, November 19th. The restaurant operator reported $0.77 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 net margin of 13.96% and a negative return on equity of 23.22%. The firm’s quarterly revenue was down 23.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.73 EPS. On average, equities research analysts anticipate that Jack in the Box will post 4.3 earnings per share for the current year.

In related news, CEO Leonard A. Comma sold 1,615 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were sold at an average price of $77.44, for a total transaction of $125,065.60. Following the completion of the sale, the chief executive officer now directly owns 207,552 shares in the company, valued at $16,072,826.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Carol A. Diraimo sold 419 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $87.66, for a total transaction of $36,729.54. Following the sale, the vice president now owns 16,491 shares of the company’s stock, valued at $1,445,601.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,563 shares of company stock valued at $1,344,242. Corporate insiders own 2.30% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can boosted its holdings in shares of Jack in the Box by 1.4% during the fourth quarter. Great West Life Assurance Co. Can now owns 16,650 shares of the restaurant operator’s stock worth $1,200,000 after purchasing an additional 236 shares during the period. Amalgamated Bank boosted its holdings in shares of Jack in the Box by 8.4% during the fourth quarter. Amalgamated Bank now owns 3,941 shares of the restaurant operator’s stock worth $306,000 after purchasing an additional 304 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Jack in the Box by 11.0% during the fourth quarter. Hsbc Holdings PLC now owns 3,317 shares of the restaurant operator’s stock worth $257,000 after purchasing an additional 330 shares during the period. Signition LP raised its position in Jack in the Box by 14.1% during the fourth quarter. Signition LP now owns 2,785 shares of the restaurant operator’s stock valued at $216,000 after acquiring an additional 345 shares in the last quarter. Finally, JNBA Financial Advisors bought a new position in Jack in the Box during the fourth quarter valued at approximately $31,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

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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