Jack In The Box Inc. (JACK) Raised to Outperform at Telsey Advisory Group
Jack In The Box Inc. (NASDAQ:JACK) was upgraded by equities research analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a report released on Wednesday, The Fly reports.
A number of other equities research analysts have also recently commented on the stock. Robert W. Baird reduced their price target on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, August 8th. Barclays PLC dropped their price objective on shares of Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 10th. Wedbush reiterated a “buy” rating on shares of Jack In The Box in a report on Friday, August 11th. TheStreet cut shares of Jack In The Box from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $125.00 price objective on shares of Jack In The Box in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $114.14.
Jack In The Box (NASDAQ:JACK) opened at 99.34 on Wednesday. Jack In The Box has a 12-month low of $90.89 and a 12-month high of $113.30. The company has a market cap of $2.92 billion, a PE ratio of 22.92 and a beta of 0.58. The firm’s 50-day moving average price is $96.40 and its 200-day moving average price is $99.48.
Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.06). Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The company had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. During the same quarter in the previous year, the firm earned $1.07 EPS. The firm’s revenue was down 3.0% on a year-over-year basis. Equities research analysts forecast that Jack In The Box will post $4.05 earnings per share for the current fiscal year.
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A number of institutional investors have recently made changes to their positions in JACK. BlackRock Inc. raised its position in Jack In The Box by 20,582.3% in the 1st quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock valued at $333,074,000 after buying an additional 3,258,594 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Jack In The Box by 2.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,062,735 shares of the restaurant operator’s stock worth $158,233,000 after acquiring an additional 52,014 shares during the last quarter. BlackRock Fund Advisors boosted its holdings in Jack In The Box by 6.0% during the 3rd quarter. BlackRock Fund Advisors now owns 1,728,415 shares of the restaurant operator’s stock worth $165,824,000 after acquiring an additional 97,466 shares during the last quarter. FMR LLC grew its stake in shares of Jack In The Box by 72.6% in the 1st quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock worth $130,542,000 after acquiring an additional 539,805 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Jack In The Box by 0.3% in the 2nd quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock worth $104,850,000 after acquiring an additional 3,496 shares in the last quarter. Institutional investors and hedge funds own 94.94% of the company’s stock.
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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