Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “market perform” rating reiterated by research analysts at Telsey Advisory Group in a report released on Thursday.
Other research analysts also recently issued research reports about the company. Robert W. Baird dropped their price target on Jack In The Box from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Tuesday. TheStreet upgraded Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. Bank of America Corporation reiterated a “buy” rating on shares of Jack In The Box in a research note on Tuesday, May 30th. They noted that the move was a valuation call. Cowen and Company reiterated a “market perform” rating and issued a $105.00 target price (up from $100.00) on shares of Jack In The Box in a research note on Friday, May 19th. Finally, BidaskClub downgraded Jack In The Box from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $116.23.
Shares of Jack In The Box (NASDAQ JACK) opened at 94.68 on Thursday. Jack In The Box has a 12 month low of $91.02 and a 12 month high of $113.30. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 23.40 and a beta of 0.57. The company has a 50-day moving average price of $96.12 and a 200-day moving average price of $101.28.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. The firm had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $360.84 million. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. On average, analysts expect that Jack In The Box will post $4.15 EPS for the current fiscal year.
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In related news, EVP Phillip H. Rudolph sold 6,908 shares of Jack In The Box stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. boosted its position in Jack In The Box by 9.3% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,774 shares of the restaurant operator’s stock worth $3,130,000 after buying an additional 2,715 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its position in Jack In The Box by 3.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock worth $483,000 after buying an additional 165 shares during the period. JPMorgan Chase & Co. boosted its position in Jack In The Box by 58.4% in the second quarter. JPMorgan Chase & Co. now owns 49,539 shares of the restaurant operator’s stock worth $4,879,000 after buying an additional 18,257 shares during the period. Pacad Investment Ltd. boosted its position in Jack In The Box by 1,344.4% in the second quarter. Pacad Investment Ltd. now owns 13,000 shares of the restaurant operator’s stock worth $1,281,000 after buying an additional 12,100 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Jack In The Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after buying an additional 601 shares during the period. 93.90% of the stock is owned by institutional investors.
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.
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