BidaskClub upgraded shares of Jack in the Box (NASDAQ:JACK) from a sell rating to a hold rating in a research report sent to investors on Saturday morning, BidAskClub reports.

Several other research analysts have also recently weighed in on JACK. Stifel Nicolaus raised Jack in the Box from a hold rating to a buy rating and raised their target price for the company from $85.00 to $95.00 in a research note on Monday, May 20th. Morgan Stanley assumed coverage on Jack in the Box in a research note on Tuesday, May 21st. They set an equal weight rating and a $87.00 target price for the company. Credit Suisse Group raised their target price on Jack in the Box from $75.00 to $78.00 and gave the company an underperform rating in a research note on Friday, August 9th. Goldman Sachs Group assumed coverage on Jack in the Box in a research note on Monday, July 29th. They set a sell rating and a $69.00 target price for the company. Finally, Cowen reiterated a hold rating on shares of Jack in the Box in a research report on Thursday, May 16th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $91.50.

Shares of JACK stock opened at $89.06 on Friday. The company’s 50-day moving average price is $78.62. Jack in the Box has a fifty-two week low of $70.77 and a fifty-two week high of $91.72. The company has a market capitalization of $2.26 billion, a PE ratio of 23.50, a P/E/G ratio of 1.59 and a beta of 0.30.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.08. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The business had revenue of $222.36 million during the quarter, compared to analysts’ expectations of $220.44 million. During the same quarter last year, the business posted $1.00 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Research analysts expect that Jack in the Box will post 4.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.80%. Jack in the Box’s dividend payout ratio (DPR) is 42.22%.

In related news, CEO Leonard A. Comma sold 15,000 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $86.10, for a total value of $1,291,500.00. Following the completion of the transaction, the chief executive officer now owns 204,552 shares in the company, valued at approximately $17,611,927.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Leonard A. Comma sold 3,000 shares of the stock in a transaction on Monday, August 12th. The shares were sold at an average price of $89.00, for a total value of $267,000.00. Following the completion of the transaction, the chief executive officer now owns 189,522 shares of the company’s stock, valued at approximately $16,867,458. The disclosure for this sale can be found here. Insiders sold a total of 31,807 shares of company stock valued at $2,731,463 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its stake in shares of Jack in the Box by 6,483.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 389 shares in the last quarter. US Bancorp DE raised its stake in shares of Jack in the Box by 61.7% in the 2nd quarter. US Bancorp DE now owns 2,096 shares of the restaurant operator’s stock valued at $170,000 after acquiring an additional 800 shares in the last quarter. AXA raised its stake in shares of Jack in the Box by 297.9% in the 2nd quarter. AXA now owns 18,700 shares of the restaurant operator’s stock valued at $1,522,000 after acquiring an additional 14,000 shares in the last quarter. Castleark Management LLC bought a new position in shares of Jack in the Box in the 2nd quarter valued at approximately $7,004,000. Finally, Parametric Portfolio Associates LLC raised its stake in shares of Jack in the Box by 6.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 132,476 shares of the restaurant operator’s stock valued at $10,782,000 after acquiring an additional 7,796 shares in the last quarter. Institutional investors and hedge funds 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 March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 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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