Jack in the Box (NASDAQ:JACK) had its price target lifted by equities research analysts at Barclays from $100.00 to $101.00 in a research note issued on Tuesday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays’ target price would indicate a potential upside of 10.67% from the company’s current price.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Co cut their price target on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Oppenheimer restated a “buy” rating and set a $125.00 price target on shares of Jack in the Box in a report on Monday, November 20th. Jefferies Group restated a “buy” rating and set a $120.00 price target on shares of Jack in the Box in a report on Thursday, October 12th. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $115.00 to $104.00 in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $111.00.

Jack in the Box (NASDAQ:JACK) traded down $1.60 during trading on Tuesday, hitting $91.26. The company’s stock had a trading volume of 930,636 shares, compared to its average volume of 1,090,470. The company has a market cap of $2,690.00, a PE ratio of 20.33, a price-to-earnings-growth ratio of 1.57 and a beta of 0.52. Jack in the Box has a 52-week low of $90.59 and a 52-week 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 posted its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The business 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%. Jack in the Box’s quarterly revenue was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.03 earnings per share. sell-side analysts expect that Jack in the Box will post 4.43 earnings per share for the current fiscal year.

In related news, CEO Leonard A. Comma sold 9,436 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $941,524.08. Following the completion of the sale, the chief executive officer now directly owns 181,320 shares of the company’s stock, valued at approximately $18,092,109.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul D. Melancon sold 461 shares of the stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $45,998.58. Following the completion of the sale, the senior vice president now directly owns 5,370 shares of the company’s stock, valued at $535,818.60. 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 ninety days. 2.10% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its position in Jack in the Box by 9.0% in the 2nd 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Jack in the Box by 61.1% in the 2nd 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 during the last quarter. Victory Capital Management Inc. raised its position in Jack in the Box by 17.8% in the 2nd 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 during the last quarter. Vident Investment Advisory LLC purchased a new stake in Jack in the Box in the 3rd quarter valued at $203,000. Finally, Diligent Investors LLC purchased a new stake in Jack in the Box in the 3rd quarter valued at $206,000. 99.12% of the stock is owned by institutional investors and hedge funds.

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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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