Jack in the Box (NASDAQ:JACK) was upgraded by investment analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, Marketbeat Ratings reports.
Several other research analysts have also recently issued reports on JACK. Stifel Nicolaus started coverage on Jack in the Box in a research note on Monday, October 2nd. They issued a “hold” rating and a $105.00 price target for the company. Telsey Advisory Group raised Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price target for the company in a research note on Wednesday, October 4th. Zacks Investment Research raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Jefferies Group reissued a “buy” rating and issued a $120.00 price target on shares of Jack in the Box in a research note on Thursday, October 12th. Finally, Wedbush reissued a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research note on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $111.00.
Jack in the Box (NASDAQ:JACK) traded up $1.78 during trading hours on Friday, hitting $94.99. The stock had a trading volume of 827,338 shares, compared to its average volume of 877,568. Jack in the Box has a 12 month low of $90.59 and a 12 month high of $113.00. The company has a market capitalization of $2,850.00, a PE ratio of 21.16, a price-to-earnings-growth ratio of 1.63 and a beta of 0.52. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $341.34 million. During the same period in the previous year, the company posted $1.03 EPS. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. equities analysts expect that Jack in the Box will post 4.25 EPS for the current fiscal year.
In other news, SVP Paul D. Melancon sold 461 shares of the company’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Leonard A. Comma sold 6,021 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 173,796 shares of the company’s stock, valued at $17,765,427.12. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock valued at $2,641,365 in the last ninety days. Company insiders own 2.10% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in JACK. Royal Bank of Canada lifted its holdings in shares of Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 105 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Jack in the Box by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $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 during the third quarter valued at $203,000. Diligent Investors LLC purchased a new stake in shares of Jack in the Box during the third quarter valued at $206,000. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Jack in the Box by 61.3% during the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the restaurant operator’s stock valued at $207,000 after purchasing an additional 797 shares during the last quarter. 99.12% of the stock is 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.