Jack in the Box Inc. (NASDAQ:JACK) has been given a consensus recommendation of “Hold” by the nineteen analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $95.11.

Several research firms recently commented on JACK. ValuEngine upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. Stifel Nicolaus cut their target price on Jack in the Box from $93.00 to $88.00 and set a “reduce” rating for the company in a research report on Monday, October 1st. OTR Global upgraded Jack in the Box to a “positive” rating in a research report on Friday, November 2nd. Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a report on Monday, November 26th. Finally, BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Saturday, October 6th.

In related news, SVP Paul D. Melancon sold 488 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $87.66, for a total transaction of $42,778.08. Following the completion of the sale, the senior vice president now directly owns 5,594 shares of the company’s stock, valued at approximately $490,370.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Carol A. Diraimo sold 419 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $87.66, for a total value of $36,729.54. Following the sale, the vice president now directly owns 16,491 shares of the company’s stock, valued at $1,445,601.06. The disclosure for this sale can be found here. Insiders have sold a total of 15,454 shares of company stock valued at $1,347,154 over the last ninety days. Insiders own 2.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in shares of Jack in the Box in the 3rd quarter valued at $110,000. Tower Research Capital LLC TRC increased its stake in shares of Jack in the Box by 267.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock valued at $129,000 after buying an additional 1,123 shares during the period. Signition LP acquired a new stake in shares of Jack in the Box in the 3rd quarter valued at $205,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Jack in the Box in the 2nd quarter valued at $242,000. Finally, Stevens Capital Management LP acquired a new stake in shares of Jack in the Box in the 2nd quarter valued at $284,000.

Shares of Jack in the Box stock traded up $0.13 during midday trading on Friday, hitting $83.14. 696,039 shares of the company were exchanged, compared to its average volume of 662,176. The company has a market capitalization of $2.23 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.70 and a beta of 0.49. Jack in the Box has a 52 week low of $75.09 and a 52 week high of $106.00.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). The company had revenue of $177.47 million for the quarter, compared to the consensus estimate of $175.26 million. Jack in the Box had a negative return on equity of 23.22% and a net margin of 13.96%. Jack in the Box’s quarterly revenue was down 23.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.73 EPS. On average, sell-side analysts anticipate that Jack in the Box will post 4.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Wednesday, December 5th will be issued a dividend of $0.40 per share. The ex-dividend date is Tuesday, December 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.92%. Jack in the Box’s dividend payout ratio is 42.22%.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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