Jack in the Box (JACK) Upgraded by Goldman Sachs Group to “Neutral”

Jack in the Box (NASDAQ:JACK) was upgraded by research analysts at Goldman Sachs Group from a “sell” rating to a “neutral” rating in a note issued to investors on Friday, MarketBeat Ratings reports.

A number of other research firms have also recently commented on JACK. Zacks Investment Research cut shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 5th. BTIG Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday. Robert W. Baird set a $115.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a research note on Monday, November 27th. Stifel Nicolaus initiated coverage on shares of 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. Finally, Wedbush lowered shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $115.00 to $104.00 in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $111.38.

Jack in the Box (JACK) traded down $0.41 during midday trading on Friday, hitting $98.40. 821,783 shares of the stock were exchanged, compared to its average volume of 716,741. Jack in the Box has a twelve month low of $90.89 and a twelve month high of $113.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The firm has a market capitalization of $2,908.32, a PE ratio of 22.36, a P/E/G ratio of 1.61 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. equities analysts forecast that Jack in the Box will post 4.48 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 business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $615,466.62. Following the completion of the sale, the chief executive officer now owns 173,796 shares in the company, valued at $17,765,427.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 9,436 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 181,320 shares of the company’s stock, valued at approximately $18,092,109.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,201 shares of company stock valued at $2,641,365. 2.10% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in JACK. Vaughan Nelson Investment Management L.P. grew its position in shares of Jack in the Box by 60.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after acquiring an additional 321,825 shares during the last quarter. Bain Capital Public Equity Management LLC bought a new position in shares of Jack in the Box during the second quarter worth about $54,752,000. Clinton Group Inc. grew its position in shares of Jack in the Box by 51.1% during the second quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after acquiring an additional 6,617 shares during the last quarter. Bank of Nova Scotia bought a new position in shares of Jack in the Box during the second quarter worth about $9,850,000. Finally, Ameriprise Financial Inc. grew its position in shares of Jack in the Box by 57.5% during the second quarter. Ameriprise Financial Inc. now owns 137,738 shares of the restaurant operator’s stock worth $13,568,000 after acquiring an additional 50,287 shares during the last quarter. Hedge funds and other 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.