Jack in the Box Inc. (NASDAQ:JACK) has received an average rating of “Hold” from the nineteen research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $110.25.

A number of research firms recently commented on JACK. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $115.00 to $104.00 in a report on Monday, November 20th. Robert W. Baird reiterated a “buy” rating and set a $115.00 price target on shares of Jack in the Box in a report on Tuesday, September 19th. Stifel Nicolaus began coverage on Jack in the Box in a report on Monday, October 2nd. They set a “hold” rating and a $105.00 price target for the company. BTIG Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Finally, SunTrust Banks reiterated a “buy” rating and set a $113.00 price target on shares of Jack in the Box in a report on Wednesday, January 3rd.

In other news, EVP Phillip H. Rudolph sold 1,455 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $148,730.10. Following the completion of the sale, the executive vice president now directly owns 92,048 shares in the company, valued at $9,409,146.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Leonard A. Comma sold 9,436 shares of Jack in the Box stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total transaction of $941,524.08. Following the completion of the sale, the chief executive officer now owns 181,320 shares of the company’s stock, valued at $18,092,109.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,201 shares of company stock valued at $2,641,365. 2.10% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Jack in the Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Jack in the Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 601 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Jack in the Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 283 shares in the last quarter. FNY Managed Accounts LLC raised its position in shares of Jack in the Box by 90.6% in the second quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock valued at $199,000 after buying an additional 965 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Jack in the Box in the third quarter valued at approximately $203,000. Institutional investors own 98.71% of the company’s stock.

Jack in the Box (JACK) opened at $96.59 on Tuesday. Jack in the Box has a 1-year low of $90.89 and a 1-year high of $113.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The company has a market capitalization of $2,840.00, a PE ratio of 21.51, a P/E/G ratio of 1.60 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. During the same quarter in the previous year, the business posted $1.03 EPS. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. analysts forecast that Jack in the Box will post 4.48 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were given a $0.40 dividend. The ex-dividend date was Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. Jack in the Box’s payout ratio is 35.63%.

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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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