Jack in the Box (NASDAQ:JACK)‘s stock had its “equal weight” rating reissued by equities research analysts at Barclays in a research report issued on Tuesday, MarketBeat Ratings reports. They presently have a $101.00 price target on the restaurant operator’s stock, up from their previous price target of $100.00. Barclays’ target price would suggest a potential upside of 10.67% from the stock’s current price.

JACK has been the topic of a number of other research reports. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Wedbush reiterated a “hold” rating and issued a $104.00 price target on shares of Jack in the Box in a research report on Friday, December 1st. Wells Fargo & Co reduced their price target on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. Robert W. Baird set a $115.00 price target on Jack in the Box and gave the company a “buy” rating in a research report on Monday, November 27th. Finally, SunTrust Banks set a $110.00 price target on Jack in the Box and gave the company a “buy” rating in a research report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. Jack in the Box presently has a consensus rating of “Hold” and an average target price of $111.00.

Shares of Jack in the Box (JACK) traded down $1.60 during mid-day trading on Tuesday, reaching $91.26. The company had a trading volume of 930,600 shares, compared to its average volume of 1,090,470. The company has a market cap of $2,700.00, a price-to-earnings ratio of 20.33, a P/E/G ratio of 1.62 and a beta of 0.52. Jack in the Box has a twelve month low of $90.59 and a twelve month high of $113.00. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The firm had revenue of $338.75 million for the quarter, compared to the consensus estimate 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 company’s revenue was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.03 EPS. sell-side analysts anticipate that Jack in the Box will post 4.25 earnings per share for the current fiscal year.

In related news, VP Dean C. Gordon sold 278 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $28,417.16. Following the transaction, the vice president now directly owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Paul D. Melancon sold 461 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $45,998.58. Following the transaction, the senior vice president now directly owns 5,370 shares in the company, valued at $535,818.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,201 shares of company stock worth $2,641,365. 2.10% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of JACK. Royal Bank of Canada raised its stake in Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after buying 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 second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 601 shares during the last quarter. Victory Capital Management Inc. raised its stake 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 worth $185,000 after purchasing an additional 283 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Jack in the Box in the third quarter worth approximately $203,000. Finally, Diligent Investors LLC purchased a new stake in shares of Jack in the Box in the third quarter worth approximately $206,000. 99.12% of the stock is currently owned by institutional investors and hedge funds.

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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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