Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “market perform” rating reissued by research analysts at Telsey Advisory Group in a note issued to investors on Thursday.

A number of other analysts have also issued reports on the company. TheStreet upgraded Jack In The Box from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. Bank of America Corporation restated a “buy” rating on shares of Jack In The Box in a report on Tuesday, May 30th. They noted that the move was a valuation call. Jefferies Group LLC restated a “buy” rating on shares of Jack In The Box in a report on Wednesday, May 3rd. Zacks Investment Research upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 target price for the company in a report on Wednesday, April 26th. Finally, Cowen and Company restated a “hold” rating and issued a $100.00 target price on shares of Jack In The Box in a report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $116.23.

Jack In The Box (NASDAQ:JACK) opened at 94.68 on Thursday. The company has a 50-day moving average price of $96.12 and a 200 day moving average price of $101.28. Jack In The Box has a 1-year low of $91.02 and a 1-year high of $113.30. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 23.40 and a beta of 0.57.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.05 by $0.06. The company had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. Equities analysts anticipate that Jack In The Box will post $4.15 earnings per share for the current year.

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In related news, EVP Phillip H. Rudolph sold 6,908 shares of the stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now directly owns 99,261 shares in the company, valued at $10,287,410.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of JACK. FNY Managed Accounts LLC acquired a new position in Jack In The Box during the first quarter valued at approximately $108,000. Glen Harbor Capital Management LLC increased its position in Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 16 shares during the last quarter. Tyers Asset Management LLC increased its position in Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 22 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Jack In The Box by 61.1% in the second 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. Finally, Victory Capital Management Inc. increased its position in Jack In The Box by 17.8% in the second 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. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

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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