Shares of Jack in the Box Inc. (NASDAQ:JACK) have received a consensus recommendation of “Hold” from the nineteen analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $109.45.

JACK has been the topic of several recent research reports. SunTrust Banks set a $110.00 price objective on Jack in the Box and gave the stock a “buy” rating in a research note on Thursday, January 11th. Zacks Investment Research downgraded Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Cowen reaffirmed a “hold” rating and issued a $99.00 price objective on shares of Jack in the Box in a research note on Friday, January 26th. Wells Fargo & Co decreased their price objective on Jack in the Box from $115.00 to $110.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, BTIG Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd.

Jack in the Box (JACK) opened at $87.28 on Friday. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. Jack in the Box has a 12 month low of $87.21 and a 12 month high of $113.00. The company has a market capitalization of $2,450.00, a PE ratio of 19.44, a PEG ratio of 1.68 and a beta of 0.42.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The company had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. During the same period last year, the business earned $1.03 EPS. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. research analysts expect that Jack in the Box will post 4.02 EPS for the current fiscal year.

In related news, VP Dean C. Gordon sold 278 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the sale, the vice president now owns 3,924 shares in the company, valued at $401,111.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Leonard A. Comma sold 9,436 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $941,524.08. Following the transaction, the chief executive officer now owns 181,320 shares of the company’s stock, valued at approximately $18,092,109.60. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock valued at $2,641,365 in the last quarter. 2.60% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. grew its holdings in Jack in the Box by 597.5% during the 4th quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 962 shares in the last quarter. Cerebellum GP LLC purchased a new position in Jack in the Box during the 4th quarter valued at approximately $118,000. Royal Bank of Canada grew its holdings in Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 105 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in Jack in the Box during the 3rd quarter valued at approximately $203,000. Finally, Diligent Investors LLC purchased a new position in Jack in the Box during the 3rd quarter valued at approximately $206,000. Institutional investors and hedge funds own 99.21% of the company’s stock.

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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)

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