Jack In The Box Inc. (NASDAQ:JACK) had its price objective lifted by investment analysts at Barclays PLC from $96.00 to $98.00 in a research note issued on Tuesday. The firm presently has an “equal weight” rating on the stock. Barclays PLC’s target price would indicate a potential downside of 8.95% from the company’s current price.

Several other brokerages also recently weighed in on JACK. Jefferies Group increased their target price on shares of Jack In The Box from $100.00 to $112.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Zacks Investment Research upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research note on Friday, August 5th. Bank of America Corp. reiterated a “buy” rating and set a $108.00 target price on shares of Jack In The Box in a research note on Tuesday, September 27th. TheStreet upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating in a research note on Friday, August 12th. Finally, Telsey Advisory Group increased their target price on shares of Jack In The Box from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $101.63.

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

Jack In The Box (NASDAQ:JACK) opened at 107.63 on Tuesday. The company has a 50 day moving average price of $97.10 and a 200 day moving average price of $91.67. Jack In The Box has a 52 week low of $61.78 and a 52 week high of $109.40. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 29.60 and a beta of 0.50.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. Jack In The Box had a net margin of 7.76% and a negative return on equity of 94.78%. The company earned $398.42 million during the quarter, compared to the consensus estimate of $398.67 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. Jack In The Box’s revenue for the quarter was up 12.5% on a year-over-year basis. Analysts expect that Jack In The Box will post $3.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, December 5th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.49%. This is a boost from Jack In The Box’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, December 1st. Jack In The Box’s dividend payout ratio (DPR) is 32.97%.

In related news, CFO Jerry P. Rebel sold 42,362 shares of the firm’s stock in a transaction that occurred on Monday, September 19th. The shares were sold at an average price of $99.00, for a total transaction of $4,193,838.00. Following the sale, the chief financial officer now owns 119,835 shares in the company, valued at $11,863,665. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Leonard A. Comma sold 67,572 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $96.68, for a total transaction of $6,532,860.96. Following the sale, the chief executive officer now owns 164,710 shares in the company, valued at approximately $15,924,162.80. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC raised its stake in shares of Jack In The Box by 0.6% in the second quarter. Hsbc Holdings PLC now owns 3,873 shares of the company’s stock worth $332,000 after buying an additional 25 shares during the period. Suntrust Banks Inc. raised its stake in shares of Jack In The Box by 0.7% in the second quarter. Suntrust Banks Inc. now owns 12,089 shares of the company’s stock worth $1,038,000 after buying an additional 79 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Jack In The Box by 0.4% in the second quarter. Mutual of America Capital Management LLC now owns 23,628 shares of the company’s stock worth $2,030,000 after buying an additional 93 shares during the period. Strs Ohio raised its stake in shares of Jack In The Box by 2.2% in the third quarter. Strs Ohio now owns 4,700 shares of the company’s stock worth $450,000 after buying an additional 100 shares during the period. Finally, State Treasurer State of Michigan raised its stake in shares of Jack In The Box by 0.8% in the third quarter. State Treasurer State of Michigan now owns 13,200 shares of the company’s stock worth $1,266,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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Jack In The Box Company Profile

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.

5 Day Chart for NASDAQ:JACK

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