Jack in the Box Inc. (NASDAQ:JACK) has received a consensus rating of “Buy” from the seventeen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $112.62.

JACK has been the topic of a number of recent analyst reports. Jefferies Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Jack in the Box in a research note on Thursday, August 31st. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 price target on shares of Jack in the Box in a research note on Tuesday, September 19th. Stifel Nicolaus initiated coverage on shares of Jack in the Box in a research note on Monday, October 2nd. They set a “hold” rating and a $105.00 price target on the stock. Telsey Advisory Group raised shares of Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th.

In other news, VP Dean C. Gordon sold 278 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $28,417.16. Following the transaction, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Leonard A. Comma sold 6,021 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $615,466.62. Following the completion of the transaction, the chief executive officer now directly owns 173,796 shares in the company, valued at approximately $17,765,427.12. The disclosure for this sale can be found here. In the last three months, insiders sold 10,971 shares of company stock worth $1,121,715. Insiders own 2.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in shares of Jack in the Box by 9.0% in the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Jack in the Box by 61.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 601 shares during the period. Victory Capital Management Inc. raised its stake in shares of Jack in the Box by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after acquiring an additional 283 shares during the period. FNY Managed Accounts LLC raised its stake in shares of Jack in the Box by 90.6% in the 2nd quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock valued at $199,000 after acquiring an additional 965 shares during the period. Finally, Vident Investment Advisory LLC purchased a new position in shares of Jack in the Box in the 3rd quarter valued at $203,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Jack in the Box (NASDAQ JACK) opened at $99.64 on Friday. Jack in the Box has a 1 year low of $90.89 and a 1 year high of $113.00. The stock has a market cap of $3,016.64, a P/E ratio of 26.42, a P/E/G ratio of 1.84 and a beta of 0.51. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue was down 15.0% compared to the same quarter last year. analysts forecast that Jack in the Box will post 4.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, December 1st. Jack in the Box’s dividend payout ratio is presently 36.36%.

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About Jack in the Box

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.

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

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