Jack in the Box Inc. (JACK) Given Consensus Rating of “Hold” by Analysts
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.
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%.
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.
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