BidaskClub downgraded shares of Jack in the Box (NASDAQ:JACK) from a hold rating to a sell rating in a research note published on Tuesday morning.

A number of other equities analysts have also commented on JACK. Zacks Investment Research raised Jack in the Box from a sell rating to a hold rating in a research note on Wednesday, January 23rd. ValuEngine raised Jack in the Box from a sell rating to a hold rating in a research note on Monday, November 12th. Jefferies Financial Group reissued a hold rating and issued a $95.00 price objective on shares of Jack in the Box in a research note on Thursday, November 22nd. Cowen restated a hold rating and set a $81.00 target price on shares of Jack in the Box in a research report on Tuesday, February 19th. Finally, Stifel Nicolaus restated a hold rating on shares of Jack in the Box in a research report on Wednesday, November 21st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Jack in the Box currently has an average rating of Hold and a consensus price target of $90.44.

Jack in the Box stock opened at $77.19 on Tuesday. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 1.48 and a beta of 0.55. Jack in the Box has a 52 week low of $74.19 and a 52 week high of $93.98.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, February 20th. The restaurant operator reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The company had revenue of $290.80 million for the quarter, compared to analyst estimates of $275.26 million. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. The business’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.23 earnings per share. Sell-side analysts expect that Jack in the Box will post 4.25 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 19th. Stockholders of record on Monday, March 4th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, March 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.07%. Jack in the Box’s payout ratio is currently 42.22%.

In other news, CEO Leonard A. Comma sold 1,615 shares of the business’s stock in a transaction on Friday, December 21st. The stock was sold at an average price of $77.44, for a total transaction of $125,065.60. Following the completion of the sale, the chief executive officer now owns 207,552 shares in the company, valued at $16,072,826.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last 90 days, insiders have sold 2,304 shares of company stock valued at $179,218. 2.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in JACK. JNBA Financial Advisors bought a new stake in shares of Jack in the Box during the fourth quarter worth $31,000. Strs Ohio increased its holdings in Jack in the Box by 600.0% in the fourth quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,200 shares during the last quarter. Ancora Advisors LLC bought a new stake in Jack in the Box in the third quarter valued at about $110,000. Tower Research Capital LLC TRC increased its holdings in Jack in the Box by 267.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 1,123 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new stake in Jack in the Box in the fourth quarter valued at about $197,000. Institutional investors own 95.52% of the company’s stock.

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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