Jack in the Box (JACK) Given Buy Rating at Oppenheimer
A number of other equities analysts also recently weighed in on JACK. Jefferies Group reissued a buy rating and set a $120.00 price target on shares of Jack in the Box in a research report on Thursday, August 31st. Robert W. Baird reissued a buy rating and set a $115.00 price target on shares of Jack in the Box in a research report on Tuesday, September 19th. Stifel Nicolaus initiated coverage on Jack in the Box in a research report on Monday, October 2nd. They set a hold rating and a $105.00 price target on the stock. Telsey Advisory Group upgraded Jack in the Box from a market perform rating to an outperform rating and set a $118.00 price objective for the company in a report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded Jack in the Box from a sell rating to a hold rating in a report on Wednesday, October 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $111.08.
Shares of Jack in the Box (JACK) traded up $3.11 during midday trading on Tuesday, reaching $103.45. The company’s stock had a trading volume of 1,438,600 shares, compared to its average volume of 675,296. The firm has a market capitalization of $2,953.35, a P/E ratio of 25.86, a PEG ratio of 1.80 and a beta of 0.51. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box has a 1 year low of $90.89 and a 1 year high of $113.00.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date was Friday, December 1st. Jack in the Box’s dividend payout ratio is presently 36.36%.
In related news, EVP Phillip H. Rudolph sold 1,455 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $148,730.10. Following the completion of the sale, the executive vice president now directly owns 92,048 shares in the company, valued at $9,409,146.56. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $28,417.16. Following the completion of the sale, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,971 shares of company stock valued at $1,121,715. Corporate insiders own 2.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Jana Partners LLC acquired a new position in Jack in the Box during the third quarter valued at approximately $134,200,000. California Public Employees Retirement System raised its position in Jack in the Box by 8.1% during the third quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after purchasing an additional 7,093 shares in the last quarter. Janus Henderson Group PLC raised its position in Jack in the Box by 14.2% during the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after purchasing an additional 77,557 shares in the last quarter. Jane Street Group LLC raised its position in Jack in the Box by 124.0% during the third quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 26,495 shares in the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in Jack in the Box during the third quarter valued at approximately $203,000. Institutional investors and hedge funds own 98.71% 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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