Jack in the Box’s (JACK) Equal Weight Rating Reiterated at Barclays
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.
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.
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