Jack in the Box (JACK) Trading -2.7% Higher After Analyst Upgrade
Jack in the Box Inc. (NASDAQ:JACK)’s share price traded up 2.7% during mid-day trading on Friday after UBS Group raised their price target on the stock from $95.00 to $100.00. UBS Group currently has a neutral rating on the stock. Jack in the Box traded as high as $93.98 and last traded at $90.45. 25,114 shares were traded during mid-day trading, a decline of 95% from the average session volume of 463,601 shares. The stock had previously closed at $92.92.
A number of other equities analysts also recently issued reports on the company. ValuEngine upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday. Cowen reiterated a “hold” rating and issued a $94.00 price objective on shares of Jack in the Box in a report on Thursday. BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Wedbush reissued an “outperform” rating on shares of Jack in the Box in a research note on Wednesday, July 11th. Finally, SunTrust Banks increased their target price on Jack in the Box to $100.00 and gave the stock a “buy” rating in a research note on Friday, May 18th. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Jack in the Box currently has an average rating of “Hold” and a consensus target price of $105.50.
In related news, Director David Goebel sold 1,521 shares of the stock in a transaction on Wednesday, May 23rd. The stock was sold at an average price of $81.71, for a total transaction of $124,280.91. Following the sale, the director now directly owns 20,181 shares of the company’s stock, valued at $1,648,989.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Leonard A. Comma sold 78,719 shares of the stock in a transaction on Thursday, August 9th. The shares were sold at an average price of $90.74, for a total value of $7,142,962.06. Following the sale, the chief executive officer now directly owns 235,832 shares in the company, valued at $21,399,395.68. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.
The company has a debt-to-equity ratio of -2.09, a current ratio of 0.87 and a quick ratio of 0.85. The stock has a market cap of $2.44 billion, a P/E ratio of 23.32, a price-to-earnings-growth ratio of 1.62 and a beta of 0.42.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, August 8th. The restaurant operator reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. Jack in the Box had a negative return on equity of 27.73% and a net margin of 13.10%. The company had revenue of $187.98 million for the quarter, compared to analysts’ expectations of $185.05 million. During the same period last year, the firm posted $0.79 earnings per share. Jack in the Box’s revenue was down 23.6% compared to the same quarter last year. analysts predict that Jack in the Box Inc. will post 3.87 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 5th. Investors of record on Monday, August 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 1.77%. Jack in the Box’s dividend payout ratio (DPR) is presently 41.24%.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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