Traders bought shares of Jack in the Box Inc. (NASDAQ:JACK) on weakness during trading on Tuesday. $28.06 million flowed into the stock on the tick-up and $12.96 million flowed out of the stock on the tick-down, for a money net flow of $15.10 million into the stock. Of all companies tracked, Jack in the Box had the 30th highest net in-flow for the day. Jack in the Box traded down ($1.01) for the day and closed at $96.97

A number of research firms recently weighed in on JACK. TheStreet upgraded Jack in the Box from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. Bank of America Corporation reiterated a “buy” rating and issued a $120.00 price target (up previously from $110.00) on shares of Jack in the Box in a research report on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating on shares of Jack in the Box in a research 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 price target for the company in a research report on Wednesday, April 26th. Finally, Wedbush reiterated a “buy” rating on shares of Jack in the Box in a research report on Friday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $114.85.

The firm has a 50 day moving average price of $95.47 and a 200-day moving average price of $100.92. The stock has a market capitalization of $2.85 billion, a P/E ratio of 22.37 and a beta of 0.57.

Jack in the Box (NASDAQ:JACK) last posted 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 firm had revenue of $357.80 million during the quarter, compared to the consensus estimate of $360.84 million. Jack in the Box’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 earnings per share. On average, analysts anticipate that Jack in the Box Inc. will post $4.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. Jack in the Box’s dividend payout ratio is currently 36.70%.

In related news, EVP Phillip H. Rudolph sold 6,908 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.10% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JACK. FNY Managed Accounts LLC bought a new position in shares of Jack in the Box during the first quarter valued at approximately $108,000. Glen Harbor Capital Management LLC boosted its position in shares of 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 period. Royal Bank of Canada boosted its position in shares of Jack in the Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 period. Finally, Tyers Asset Management LLC boosted its position in shares of 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 period. 93.90% of the stock is owned by hedge funds and other institutional investors.

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About Jack in the Box

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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