Jack in the Box (NASDAQ:JACK) was downgraded by investment analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday.

Several other brokerages have also weighed in on JACK. Zacks Investment Research lowered shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 5th. SunTrust Banks set a $109.00 price target on shares of Jack in the Box and gave the company a “buy” rating in a research note on Friday, December 1st. Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $115.00 to $104.00 in a research note on Monday, November 20th. Wells Fargo & Co decreased their price target on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Finally, Oppenheimer restated a “buy” rating on shares of Jack in the Box in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $111.38.

Jack in the Box (NASDAQ:JACK) opened at $96.17 on Wednesday. The firm has a market cap of $2,830.00, a PE ratio of 21.42, a PEG ratio of 1.60 and a beta of 0.52. Jack in the Box has a 1 year low of $90.89 and a 1 year high of $113.00. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51.

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 Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. Jack in the Box’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share. sell-side analysts predict that Jack in the Box will post 4.48 EPS for the current fiscal year.

In related news, CEO Leonard A. Comma sold 9,436 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $941,524.08. Following the completion of the transaction, the chief executive officer now owns 181,320 shares in the company, valued at approximately $18,092,109.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the completion of the transaction, the insider now owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The disclosure for this sale can be found here. Insiders sold 26,201 shares of company stock valued at $2,641,365 in the last three months. Company insiders own 2.10% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Jack in the Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after buying an additional 601 shares during the period. Victory Capital Management Inc. grew its position in shares of Jack in the Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after buying an additional 283 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $203,000. Finally, Diligent Investors LLC acquired a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $206,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.

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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.

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

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