Zacks Investment Research upgraded shares of Jack in the Box (NASDAQ:JACK) from a sell rating to a hold rating in a report released on Tuesday morning.

According to Zacks, “Jack in the Box’s premium and value offerings, focus on menu innovation, franchising and delivery are expected boost sales, going forward. However, the company’s limited international presence is a disadvantage and could hurt its competitive position. Comps at Qdoba brand had suffered due to poor restaurant level execution. A soft industry backdrop continues to hurt sales too. Pre-opening costs, promotional activity and labor expenses have also been weighing on margins. Further, increased competition in breakfast and lunch day parts remain concerns. Jack in the Box’s shares underperformed the industry in the past year. Estimates too have moved down ahead of the fiscal fourth-quarter earnings release.”

Several other equities analysts also recently issued reports on JACK. Wells Fargo & Co cut their price objective on shares of Jack in the Box from $115.00 to $110.00 and set an outperform rating on the stock in a report on Tuesday, January 30th. BidaskClub downgraded shares of Jack in the Box from a sell rating to a strong sell rating in a report on Tuesday, December 19th. Jefferies Group downgraded shares of Jack in the Box from a buy rating to a hold rating and cut their price objective for the company from $120.00 to $100.00 in a report on Wednesday, December 20th. SunTrust Banks set a $110.00 price objective on shares of Jack in the Box and gave the company a buy rating in a report on Thursday, January 11th. Finally, UBS Group set a $105.00 price objective on shares of Jack in the Box and gave the company a hold rating in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $111.31.

Jack in the Box (NASDAQ:JACK) opened at $81.95 on Tuesday. Jack in the Box has a fifty-two week low of $79.30 and a fifty-two week high of $113.00. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The stock has a market cap of $2,453.24, a PE ratio of 21.41, a PEG ratio of 1.53 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. During the same quarter last year, the company earned $1.03 EPS. The business’s revenue was down 15.0% compared to the same quarter last year. sell-side 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 the company’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 $28,417.16. Following the sale, the vice president now owns 3,924 shares in the company, valued at $401,111.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul D. Melancon sold 404 shares of the company’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 $41,296.88. Following the completion of the sale, the senior vice president now owns 4,946 shares in the company, valued at approximately $505,580.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,671 shares of company stock worth $2,586,928. 2.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. boosted its position 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 purchasing an additional 321,825 shares in the last quarter. Quantitative Systematic Strategies LLC boosted its position in Jack in the Box by 28.2% in the 3rd quarter. Quantitative Systematic Strategies LLC now owns 8,613 shares of the restaurant operator’s stock worth $878,000 after purchasing an additional 1,894 shares in the last quarter. Sei Investments Co. boosted its position in Jack in the Box by 43.5% in the 3rd quarter. Sei Investments Co. now owns 5,160 shares of the restaurant operator’s stock worth $525,000 after purchasing an additional 1,563 shares in the last quarter. California Public Employees Retirement System boosted its position in Jack in the Box by 8.1% in the 3rd quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock worth $9,692,000 after purchasing an additional 7,093 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Jack in the Box in the 2nd quarter worth approximately $267,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://www.thecerbatgem.com/2018/02/14/jack-in-the-box-jack-upgraded-at-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Jack in the Box (JACK)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.