Jack in the Box (JACK) Given a $110.00 Price Target at SunTrust Banks

Jack in the Box (NASDAQ:JACK) has been given a $110.00 price objective by investment analysts at SunTrust Banks in a report issued on Thursday. The firm presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price objective indicates a potential upside of 16.23% from the stock’s current price. SunTrust Banks also issued estimates for Jack in the Box’s Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.

A number of other analysts also recently commented on the company. Wells Fargo & Co dropped their price objective on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Oppenheimer reiterated a “buy” rating and issued a $125.00 price target on shares of Jack in the Box in a report on Monday, November 20th. Jefferies Group reiterated a “buy” rating and issued a $120.00 price target on shares of Jack in the Box in a report on Thursday, October 12th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $115.00 to $104.00 in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $111.15.

Shares of Jack in the Box (JACK) opened at $94.64 on Thursday. The company has a market capitalization of $2,790.00, a price-to-earnings ratio of 21.08, a PEG ratio of 1.60 and a beta of 0.52. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box has a twelve month low of $90.89 and a twelve month high of $113.00.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The firm had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The company’s quarterly revenue was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 earnings per share. research analysts predict that Jack in the Box will post 4.48 earnings per share for the current year.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Dean C. Gordon sold 278 shares of the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the transaction, the vice president now directly owns 3,924 shares of the company’s stock, valued at $401,111.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,201 shares of company stock valued at $2,641,365. 2.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Jana Partners LLC purchased a new position in Jack in the Box in the 3rd quarter valued at about $134,200,000. 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 valued at $9,692,000 after buying an additional 7,093 shares during the last quarter. Janus Henderson Group PLC boosted its position in Jack in the Box by 14.2% in the 3rd quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after buying an additional 77,557 shares during the last quarter. Jane Street Group LLC boosted its position in Jack in the Box by 124.0% in the 3rd quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after buying an additional 26,495 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in Jack in the Box in the 3rd quarter valued at about $203,000. 98.71% of the stock is owned by institutional investors.

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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.

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

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