Jack In The Box Inc. (JACK) Rating Reiterated by Jefferies Group LLC
Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “buy” rating restated by Jefferies Group LLC in a report released on Thursday. They currently have a $120.00 price target on the restaurant operator’s stock. Jefferies Group LLC’s target price suggests a potential upside of 26.54% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. TheStreet raised Jack In The Box from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. BidaskClub cut Jack In The Box from a “hold” rating to a “sell” rating in a report on Tuesday, June 27th. Zacks Investment Research raised Jack In The Box from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $125.00 price objective on shares of Jack In The Box in a report on Friday, May 12th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating on shares of Jack In The Box in a report on Sunday, May 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Jack In The Box has an average rating of “Buy” and an average target price of $114.85.
Jack In The Box (NASDAQ JACK) opened at 94.83 on Thursday. Jack In The Box has a 1-year low of $91.02 and a 1-year high of $113.30. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.88 and a beta of 0.59. The firm’s 50-day moving average price is $94.88 and its 200 day moving average price is $99.85.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 had a net margin of 8.51% and a negative return on equity of 37.83%. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.07 earnings per share. On average, analysts predict that Jack In The Box will post $4.06 EPS for the current year.
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Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Jack In The Box by 20,582.3% in the first quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock worth $333,074,000 after buying an additional 3,258,594 shares during the period. Credit Suisse AG boosted its position in Jack In The Box by 514.2% in the first quarter. Credit Suisse AG now owns 943,680 shares of the restaurant operator’s stock worth $95,990,000 after buying an additional 790,044 shares during the period. Koch Industries Inc. acquired a new position in Jack In The Box during the second quarter worth approximately $568,000. Bain Capital Public Equity Management LLC acquired a new position in Jack In The Box during the second quarter worth approximately $54,752,000. Finally, Janus Henderson Group PLC acquired a new position in Jack In The Box during the second quarter worth approximately $53,737,000. 94.95% of the stock is owned by institutional investors.
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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