Jack in the Box (NASDAQ:JACK) received a $110.00 price target from equities researchers at SunTrust Banks in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price objective points to a potential upside of 18.46% from the stock’s current price. SunTrust Banks also issued estimates for Jack in the Box’s Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.

A number of other analysts have also issued reports on the stock. Telsey Advisory Group lowered shares of Jack in the Box from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Goldman Sachs Group upgraded shares of Jack in the Box from a “sell” rating to a “neutral” rating in a research note on Friday, January 5th. BTIG Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Oppenheimer reiterated a “buy” rating on shares of Jack in the Box in a research note on Tuesday, December 19th. Finally, Jefferies Group lowered shares of Jack in the Box from a “buy” rating to a “hold” rating and cut their price target for the stock from $120.00 to $100.00 in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $111.15.

Shares of Jack in the Box (NASDAQ JACK) traded down $1.78 during trading hours on Thursday, reaching $92.86. 1,208,700 shares of the company’s stock were exchanged, compared to its average volume of 780,025. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. The stock has a market capitalization of $2,733.15, a price-to-earnings ratio of 21.10, a PEG ratio of 1.53 and a beta of 0.52. Jack in the Box has a one year low of $90.89 and a one year high of $113.00.

Jack in the Box (NASDAQ:JACK) last issued its quarterly 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). The business had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. equities analysts forecast that Jack in the Box will post 4.43 earnings per share for the current fiscal year.

In other Jack in the Box news, CEO Leonard A. Comma sold 6,021 shares of the 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 $615,466.62. Following the transaction, the chief executive officer now directly owns 173,796 shares in the company, valued at $17,765,427.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Leonard A. Comma sold 9,436 shares of the 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 transaction, the chief executive officer now owns 181,320 shares in the company, valued at $18,092,109.60. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock worth $2,641,365 over the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its stake in Jack in the Box by 60.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares during the last quarter. Bain Capital Public Equity Management LLC purchased a new position in Jack in the Box in the second quarter valued at approximately $54,752,000. Clinton Group Inc. increased its stake in Jack in the Box by 51.1% in the second quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock valued at $1,927,000 after purchasing an additional 6,617 shares during the last quarter. Bank of Nova Scotia purchased a new position in Jack in the Box in the second quarter valued at approximately $9,850,000. Finally, Ameriprise Financial Inc. increased its stake in Jack in the Box by 57.5% in the second quarter. Ameriprise Financial Inc. now owns 137,738 shares of the restaurant operator’s stock valued at $13,568,000 after purchasing an additional 50,287 shares during the last quarter. Institutional investors own 98.71% of the company’s stock.

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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.

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

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