Analysts at Stifel Nicolaus initiated coverage on shares of Jack In The Box Inc. (NASDAQ:JACK) in a research note issued on Monday. The firm set a “hold” rating on the restaurant operator’s stock.

Other equities analysts have also issued research reports about the company. TheStreet raised Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. Jefferies Group LLC reissued a “buy” rating and set a $120.00 target price on shares of Jack In The Box in a research note on Thursday, July 27th. Bank of America Corporation reissued a “buy” rating and set a $118.00 target price (down previously from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. Wedbush reissued a “buy” rating on shares of Jack In The Box in a research note on Friday, August 11th. Finally, Robert W. Baird reissued a “buy” rating and issued a $115.00 price target on shares of Jack In The Box in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $114.85.

Jack In The Box (NASDAQ JACK) traded down 1.30% during midday trading on Monday, reaching $100.59. The company had a trading volume of 442,611 shares. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 27.19 and a beta of 0.58. Jack In The Box has a 52 week low of $90.89 and a 52 week high of $113.30. The firm has a 50-day moving average price of $95.12 and a 200-day moving average price of $99.36.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.06). The business had revenue of $357.80 million during the quarter, compared to analysts’ expectations of $360.84 million. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.07 EPS. Analysts expect that Jack In The Box will post $4.05 EPS for the current fiscal year.

WARNING: This news story was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/10/02/stifel-nicolaus-initiates-coverage-on-jack-in-the-box-inc-jack.html.

Institutional investors have recently bought and sold shares of the company. FNY Managed Accounts LLC bought a new stake in shares of Jack In The Box in the 1st quarter worth about $108,000. Royal Bank of Canada lifted its holdings in shares of Jack In The Box by 9.0% in the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Jack In The Box by 61.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 601 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Jack In The Box by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after acquiring an additional 283 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in shares of Jack In The Box by 61.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the restaurant operator’s stock valued at $207,000 after acquiring an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Jack In The Box Company Profile

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.

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

Receive News & Stock Ratings for Jack In The Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack In The Box Inc. and related stocks with our FREE daily email newsletter.