Jack In The Box Inc. (JACK) Rating Reiterated by Oppenheimer Holdings, Inc.
Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “buy” rating restated by analysts at Oppenheimer Holdings, Inc. in a report released on Monday. They presently have a $125.00 price objective on the restaurant operator’s stock. Oppenheimer Holdings, Inc.’s price objective would indicate a potential upside of 21.87% from the company’s current price. Oppenheimer Holdings also issued estimates for Jack In The Box’s FY2018 earnings at $4.73 EPS.
A number of other equities analysts have also weighed in on JACK. Jefferies Group LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Jack In The Box in a report on Thursday, July 27th. BidaskClub upgraded shares of Jack In The Box from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Wells Fargo & Company reiterated an “outperform” rating and issued a $125.00 price target on shares of Jack In The Box in a report on Thursday, August 3rd. Robert W. Baird decreased their price target on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Jack In The Box in a report on Thursday, August 10th. 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’s stock. The company has a consensus rating of “Buy” and an average price target of $112.31.
Jack In The Box (NASDAQ:JACK) opened at $102.57 on Monday. The firm has a market cap of $3,030.00, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52. Jack In The Box has a 1-year low of $90.89 and a 1-year high of $113.30. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of -2.56.
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In other Jack In The Box news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now owns 10,979 shares in the company, valued at approximately $1,127,653.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of JACK. Jana Partners LLC acquired a new position in Jack In The Box in the 3rd quarter worth $134,200,000. Koch Industries Inc. acquired a new position in Jack In The Box in the 2nd quarter worth $568,000. Bain Capital Public Equity Management LLC acquired a new position in Jack In The Box in the 2nd quarter worth $54,752,000. Janus Henderson Group PLC acquired a new position in Jack In The Box in the 2nd quarter worth $53,737,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Jack In The Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after buying an additional 321,825 shares in the last quarter. Hedge funds and other institutional investors own 96.05% of the company’s stock.
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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