Oppenheimer Holdings, Inc. reissued their outperform rating on shares of Jack In The Box Inc. (NASDAQ:JACK) in a report issued on Thursday morning. Oppenheimer Holdings, Inc. currently has a $125.00 price objective on the restaurant operator’s stock. Oppenheimer Holdings also issued estimates for Jack In The Box’s Q3 2017 earnings at $1.01 EPS, Q4 2017 earnings at $0.88 EPS, FY2017 earnings at $4.06 EPS and FY2018 earnings at $4.80 EPS.
A number of other research analysts also recently weighed in on the stock. Telsey Advisory Group reiterated a market perform rating on shares of Jack In The Box in a research report on Thursday. BidaskClub upgraded shares of Jack In The Box from a sell rating to a hold rating in a research report on Tuesday. Robert W. Baird decreased their price objective on shares of Jack In The Box from $120.00 to $115.00 and set an outperform rating for the company in a research report on Tuesday. Wells Fargo & Company reiterated an outperform rating and issued a $125.00 price objective on shares of Jack In The Box in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a buy rating and issued a $120.00 price objective on shares of Jack In The Box in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $114.85.
Jack In The Box (JACK) traded up 1.51% during midday trading on Thursday, reaching $97.05. The company’s stock had a trading volume of 1,041,042 shares. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 22.39 and a beta of 0.57. The stock’s 50 day moving average price is $95.67 and its 200-day moving average price is $101.16. Jack In The Box has a one year low of $91.02 and a one year high of $113.30.
Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. The firm had revenue of $357.80 million during the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a negative return on equity of 41.35% and a net margin of 8.51%. The company’s revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $1.07 EPS. On average, analysts forecast that Jack In The Box will post $4.11 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.60 annualized dividend and a dividend yield of 1.65%. Jack In The Box’s dividend payout ratio (DPR) is presently 36.70%.
In related news, EVP Phillip H. Rudolph sold 6,908 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were 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 owns 99,261 shares in the company, valued at approximately $10,287,410.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC boosted its stake in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 16 shares in the last quarter. Tyers Asset Management LLC boosted its stake in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 22 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 28 shares in the last quarter. Neuburgh Advisers LLC boosted its stake in shares of Jack In The Box by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 2,448 shares of the restaurant operator’s stock valued at $249,000 after buying an additional 34 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Jack In The Box by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,626 shares of the restaurant operator’s stock valued at $267,000 after buying an additional 67 shares in the last quarter. 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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