Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “buy” rating reiterated by equities research analysts at Oppenheimer Holdings Inc. in a note issued to investors on Tuesday.

Several other analysts have also recently commented on JACK. Wells Fargo & Co. reissued an “outperform” rating and set a $90.50 price target (up from $82.50) on shares of Jack In The Box in a research note on Thursday, August 4th. Barclays PLC increased their price target on shares of Jack In The Box from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. Jefferies Group increased their price target 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. Wedbush reissued an “outperform” rating and set a $115.00 price target (up from $110.00) on shares of Jack In The Box in a research note on Thursday, August 4th. Finally, Bank of America Corp. reissued a “buy” rating and set a $108.00 price target on shares of Jack In The Box in a research note on Tuesday, September 27th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company. Jack In The Box currently has a consensus rating of “Hold” and a consensus price target of $101.63.

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

Shares of Jack In The Box (NASDAQ:JACK) opened at 107.63 on Tuesday. The company has a market cap of $3.52 billion, a PE ratio of 29.60 and a beta of 0.50. Jack In The Box has a 12-month low of $61.78 and a 12-month high of $109.40. The stock’s 50 day moving average price is $97.10 and its 200-day moving average price is $91.67.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.15. The firm had revenue of $398.42 million for the quarter, compared to analysts’ expectations of $398.67 million. Jack In The Box had a net margin of 7.76% and a negative return on equity of 94.78%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.62 earnings per share. On average, equities research analysts forecast that Jack In The Box will post $3.73 earnings per share for the current year.

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

In related news, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $94.03, for a total value of $49,835.90. Following the completion of the transaction, the insider now owns 9,196 shares of the company’s stock, valued at $864,699.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Carol A. Diraimo sold 2,000 shares of the firm’s stock in a transaction on 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 disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JACK. Bank of Montreal Can increased its position in 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 worth $126,000 after buying an additional 15,681 shares during the period. Seven Eight Capital LLC increased its position in 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 worth $155,000 after buying an additional 1,000 shares during the period. LS Investment Advisors LLC increased its position in 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 worth $171,000 after buying an additional 738 shares during the period. World Asset Management Inc acquired a new position in Jack In The Box during the third quarter worth $205,000. Finally, Capstone Asset Management Co. acquired a new position in Jack In The Box during the second quarter worth $224,000. 99.67% of the stock is owned by institutional investors and hedge funds.

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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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