Jack in the Box Inc. (JACK) Receives Average Recommendation of “Hold” from Brokerages
Shares of Jack in the Box Inc. (NASDAQ:JACK) have earned an average rating of “Hold” from the nineteen brokerages that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $110.25.
JACK has been the topic of several analyst reports. Zacks Investment Research cut shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. BTIG Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Robert W. Baird set a $115.00 price objective 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 objective on the stock. Finally, Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $115.00 to $104.00 in a research note on Monday, November 20th.
In other news, CEO Leonard A. Comma sold 6,021 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $615,466.62. Following the transaction, the chief executive officer now owns 173,796 shares in the company, valued at $17,765,427.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Dean C. Gordon sold 278 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the transaction, the vice president now owns 3,924 shares in the company, valued at approximately $401,111.28. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock worth $2,641,365 in the last quarter. 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. Jana Partners LLC acquired a new position in shares of Jack in the Box during the third quarter valued at about $134,200,000. Koch Industries Inc. acquired a new stake in shares of Jack in the Box in the 2nd quarter worth about $568,000. Bain Capital Public Equity Management LLC acquired a new stake in shares of Jack in the Box in the 2nd quarter worth about $54,752,000. Janus Henderson Group PLC acquired a new stake in shares of Jack in the Box in the 2nd quarter worth about $53,737,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Jack in the Box by 60.9% in the 3rd 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. Hedge funds and other institutional investors own 98.71% of the company’s stock.
Shares of Jack in the Box (JACK) opened at $96.59 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. Jack in the Box has a one year low of $90.89 and a one year high of $113.00. The firm has a market cap of $2,840.00, a price-to-earnings ratio of 21.51, a P/E/G ratio of 1.60 and a beta of 0.52.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the 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 prior year, the firm earned $1.03 EPS. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. analysts forecast that Jack in the Box will post 4.48 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were issued a dividend of $0.40 per share. The ex-dividend date was Friday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.66%. Jack in the Box’s dividend payout ratio is currently 35.63%.
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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.
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