Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “outperform” rating reaffirmed by equities researchers at Wedbush in a report released on Tuesday. They presently have a $125.00 price objective on the stock. Wedbush’s price target indicates a potential upside of 15.93% from the stock’s current price.

Several other brokerages have also commented on JACK. Zacks Investment Research upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research note on Tuesday, October 4th. Wells Fargo & Co. reiterated an “outperform” rating and issued a $90.50 target price (up from $82.50) on shares of Jack In The Box in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $115.00 target price (up from $105.00) on shares of Jack In The Box in a research note on Monday, September 26th. Robert W. Baird reiterated an “outperform” rating on shares of Jack In The Box in a research note on Thursday, September 8th. Finally, Jefferies Group raised their target price on shares of Jack In The Box from $100.00 to $112.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $101.63.

Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

Jack In The Box (NASDAQ:JACK) traded up 6.07% during trading on Tuesday, reaching $107.82. The company had a trading volume of 3,350,032 shares. Jack In The Box has a 52-week low of $61.78 and a 52-week high of $108.06. The stock has a 50 day moving average price of $96.39 and a 200-day moving average price of $91.27. The company has a market capitalization of $3.52 billion, a PE ratio of 32.79 and a beta of 0.50.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Monday, November 21st. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.15. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The company had revenue of $398.42 million for the quarter, compared to analyst estimates of $398.67 million. During the same quarter in the prior year, the business posted $0.62 EPS. Jack In The Box’s quarterly revenue was up 12.5% on a year-over-year basis. On average, equities research analysts anticipate that Jack In The Box will post $3.73 earnings per share for the current fiscal year.

In other news, VP Carol A. Diraimo sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the transaction, the vice president now directly owns 16,059 shares of the company’s stock, valued at approximately $1,605,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $94.03, for a total transaction of $49,835.90. Following the transaction, the insider now directly owns 9,196 shares of the company’s stock, valued at $864,699.88. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of institutional investors have recently made changes to their positions in JACK. Bank of Montreal Can increased its position in shares of Jack In The Box by 109.1% in the third quarter. Bank of Montreal Can now owns 1,306 shares of the company’s stock valued at $126,000 after buying an additional 15,681 shares in the last quarter. Seven Eight Capital LLC increased its position in shares of Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock valued at $171,000 after buying an additional 738 shares in the last quarter. World Asset Management Inc purchased a new position in shares of Jack In The Box during the third quarter valued at about $205,000. Finally, Capstone Asset Management Co. purchased a new position in shares of Jack In The Box during the second quarter valued at about $224,000. 99.67% 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 is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

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