Shares of Jack in the Box Inc. (NASDAQ:JACK) have received an average rating of “Hold” from the fifteen brokerages that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $92.78.

JACK has been the topic of a number of analyst reports. Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the company a “hold” rating in a research note on Monday, May 20th. SunTrust Banks raised their price target on Wix.Com to $154.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Telsey Advisory Group restated an “outperform” rating and issued a $95.00 price target (down from $105.00) on shares of Jack in the Box in a research note on Tuesday, April 16th. Wedbush restated a “hold” rating and issued a $2.00 price target on shares of Regulus Therapeutics in a research note on Tuesday, April 9th. Finally, Cowen restated a “buy” rating on shares of Adverum Biotechnologies in a research note on Thursday, May 16th.

In other news, EVP Phillip H. Rudolph sold 2,000 shares of Jack in the Box stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $82.00, for a total transaction of $164,000.00. Following the sale, the executive vice president now owns 99,357 shares in the company, valued at $8,147,274. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark H. Blankenship sold 2,413 shares of Jack in the Box stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $83.69, for a total value of $201,943.97. Following the sale, the executive vice president now owns 27,097 shares in the company, valued at approximately $2,267,747.93. The disclosure for this sale can be found here. Insiders have sold 5,267 shares of company stock worth $436,103 in the last quarter. Insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Norges Bank acquired a new stake in shares of Jack in the Box during the fourth quarter worth about $23,325,000. Wells Fargo & Company MN increased its position in shares of Jack in the Box by 43.3% during the first quarter. Wells Fargo & Company MN now owns 448,922 shares of the restaurant operator’s stock worth $36,390,000 after purchasing an additional 135,621 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Jack in the Box by 12.0% during the fourth quarter. Macquarie Group Ltd. now owns 709,239 shares of the restaurant operator’s stock worth $55,059,000 after purchasing an additional 76,230 shares in the last quarter. Samlyn Capital LLC increased its position in shares of Jack in the Box by 17.1% during the fourth quarter. Samlyn Capital LLC now owns 300,790 shares of the restaurant operator’s stock worth $23,351,000 after purchasing an additional 44,031 shares in the last quarter. Finally, State of Wisconsin Investment Board increased its position in shares of Jack in the Box by 33.4% during the first quarter. State of Wisconsin Investment Board now owns 160,050 shares of the restaurant operator’s stock worth $12,974,000 after purchasing an additional 40,050 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Jack in the Box stock traded down $0.52 during midday trading on Friday, reaching $77.00. The company’s stock had a trading volume of 353,347 shares, compared to its average volume of 395,536. Jack in the Box has a fifty-two week low of $74.19 and a fifty-two week high of $93.98. The stock has a market cap of $1.99 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.41 and a beta of 0.32. The stock’s 50-day moving average is $82.50.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.06. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The company had revenue of $215.73 million for the quarter, compared to analysts’ expectations of $217.99 million. During the same period last year, the firm earned $0.80 earnings per share. Jack in the Box’s quarterly revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Jack in the Box will post 4.25 earnings per share for the current year.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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