Jack In The Box Inc. (JACK) Price Target Raised to $121.00 at Jefferies Group
Jack In The Box Inc. (NASDAQ:JACK) had its price target boosted by Jefferies Group from $112.00 to $121.00 in a research note published on Friday. The brokerage currently has a buy rating on the stock.
Several other research analysts have also issued reports on the company. Goldman Sachs Group Inc. initiated coverage on Jack In The Box in a research report on Monday, October 24th. They set a sell rating and a $88.00 target price for the company. Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $97.00 target price on shares of Jack In The Box in a research report on Tuesday, August 2nd. Zacks Investment Research lowered Jack In The Box from a strong-buy rating to a hold rating in a research report on Monday, October 17th. TheStreet raised Jack In The Box from a hold rating to a buy rating in a research report on Friday, August 12th. Finally, Telsey Advisory Group raised their target price on Jack In The Box from $105.00 to $120.00 and gave the stock an outperform rating in a research report 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 given a buy rating to the company. Jack In The Box presently has a consensus rating of Hold and an average target price of $102.23.
Jack In The Box (NASDAQ:JACK) opened at 107.65 on Friday. The firm has a market capitalization of $3.52 billion, a PE ratio of 29.61 and a beta of 0.50. Jack In The Box has a 52-week low of $61.78 and a 52-week high of $109.40. The stock’s 50 day moving average price is $97.59 and its 200 day moving average price is $91.94.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.15. Jack In The Box had a negative return on equity of 83.17% and a net margin of 7.76%. The company had revenue of $398.42 million for the quarter, compared to the consensus estimate of $398.67 million. During the same quarter last year, the business posted $0.62 EPS. Jack In The Box’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, analysts predict that Jack In The Box will post $3.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, December 5th will be issued a dividend of $0.40 per share. This is a boost 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 dividend on an annualized basis and a yield of 1.49%. Jack In The Box’s payout ratio is presently 32.97%.
In other news, Director David Goebel sold 1,480 shares of the company’s stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $101.46, for a total value of $150,160.80. Following the transaction, the director now owns 23,377 shares of the company’s stock, valued at $2,371,830.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Carol A. Diraimo sold 2,000 shares of the company’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $105.00, for a total transaction of $210,000.00. Following the completion of the transaction, the vice president now directly owns 16,059 shares in the company, valued at approximately $1,686,195. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in Jack In The Box by 51.6% in the first quarter. Renaissance Technologies LLC now owns 199,300 shares of the company’s stock valued at $12,729,000 after buying an additional 67,800 shares during the last quarter. Panagora Asset Management Inc. boosted its position in Jack In The Box by 13.8% in the first quarter. Panagora Asset Management Inc. now owns 247,766 shares of the company’s stock valued at $15,825,000 after buying an additional 29,972 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Jack In The Box during the first quarter valued at $1,007,000. Boothbay Fund Management LLC boosted its position in Jack In The Box by 25.9% in the first quarter. Boothbay Fund Management LLC now owns 7,800 shares of the company’s stock valued at $498,000 after buying an additional 1,604 shares during the last quarter. Finally, Capstone Asset Management Co. purchased a new position in Jack In The Box during the second quarter valued at $224,000. 95.36% of the stock is currently owned by hedge funds and other institutional investors.
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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