Jack in the Box (JACK) Receiving Somewhat Favorable Press Coverage, Study Shows
Headlines about Jack in the Box (NASDAQ:JACK) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Jack in the Box earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the restaurant operator an impact score of 45.99806664117 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern’s rankings:
- Jack in the Box (JACK) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
- Jack in the Box (JACK) to Release Earnings on Tuesday (americanbankingnews.com)
- This Morning’s Technical Outlook on Restaurants Stocks — Dunkin’ Brands, Jack in the Box, McDonald’s, and Red Robin Gourmet Burgers (forimmediaterelease.net)
- Jack in the Box Inc. (JACK) Expected to Announce Quarterly Sales of $285.94 Million (americanbankingnews.com)
JACK has been the topic of a number of recent analyst reports. Wedbush restated a “hold” rating and set a $104.00 target price on shares of Jack in the Box in a report on Friday, December 1st. Zacks Investment Research raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Wells Fargo & Co dropped their price target on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 15th. SunTrust Banks set a $110.00 price target on Jack in the Box and gave the stock a “buy” rating in a research report on Thursday, January 11th. Finally, Goldman Sachs Group raised Jack in the Box from a “neutral” rating to a “buy” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Jack in the Box has an average rating of “Hold” and a consensus target price of $111.31.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The firm had revenue of $338.75 million during the quarter, compared to analyst estimates of $341.34 million. During the same period in the prior year, the business posted $1.03 EPS. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. research analysts forecast that Jack in the Box will post 4.02 EPS for the current year.
In related news, VP Dean C. Gordon sold 278 shares of Jack in the Box 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 $28,417.16. Following the sale, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Paul D. Melancon sold 461 shares of Jack in the Box 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 $45,998.58. Following the completion of the sale, the senior vice president now directly owns 5,370 shares in the company, valued at approximately $535,818.60. The disclosure for this sale can be found here. In the last three months, insiders sold 25,671 shares of company stock worth $2,586,928. 2.60% of the stock is owned by insiders.
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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