Jack in the Box Receives Consensus Recommendation of “Buy” from Brokerages (NASDAQ:JACK)
Shares of Jack in the Box (NASDAQ:JACK) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the company, StockRatingsNetwork reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.80.
Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Jack in the Box from $68.00 to $75.00 in a research note on Friday, August 8th. Separately, analysts at Jefferies Group raised their price target on shares of Jack in the Box from $68.00 to $71.00 in a research note on Friday, August 8th. Finally, analysts at Telsey Advisory Group raised their price target on shares of Jack in the Box from $58.00 to $72.00 in a research note on Friday, August 8th. They now have a “not rated” rating on the stock.
Jack in the Box (NASDAQ:JACK) traded down 0.91% during mid-day trading on Thursday, hitting $58.88. The stock had a trading volume of 164,807 shares. Jack in the Box has a 52-week low of $38.53 and a 52-week high of $62.90. The stock has a 50-day moving average of $58.63 and a 200-day moving average of $57.89. The company has a market cap of $2.298 billion and a P/E ratio of 26.75.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $348.50 million for the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Jack in the Box will post $2.44 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, August 14th.
In other Jack in the Box news, CFO Jerry P. Rebel sold 9,268 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $61.11, for a total value of $566,367.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Jack in the Box Inc is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba.
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