Today, Jack In The Box’s (JACK) “Buy” Rating Reiterate at Oppenheimer Holdings Inc.

Today, Jack In The Box’s (JACK) “Buy” Rating Reiterate at Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc. reissued their buy rating on shares of Jack In The Box Inc. (NASDAQ:JACK) in a research report released on Tuesday morning.

A number of other research analysts have also recently issued reports on JACK. Vetr cut Jack In The Box from a hold rating to a sell rating and set a $87.97 price objective for the company. in a report on Monday, July 25th. Wells Fargo & Co. reissued an outperform rating and set a $90.50 price objective (up from $82.50) on shares of Jack In The Box in a report on Thursday, August 4th. Wedbush reissued an outperform rating and set a $115.00 price objective (up from $110.00) on shares of Jack In The Box in a report on Thursday, August 4th. Barclays PLC lifted their price objective on Jack In The Box from $86.00 to $96.00 and gave the company an equal weight rating in a report on Friday, August 5th. Finally, Zacks Investment Research raised Jack In The Box from a hold rating to a buy rating and set a $109.00 price objective for the company in a report on Friday, August 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $101.63.

Jack In The Box (NASDAQ:JACK) opened at 107.63 on Tuesday. Jack In The Box has a 52-week low of $61.78 and a 52-week high of $109.40. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 29.60 and a beta of 0.50. The stock’s 50 day moving average is $97.10 and its 200 day moving average is $91.67.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.15. The company earned $398.42 million during the quarter, compared to analysts’ expectations of $398.67 million. Jack In The Box had a negative return on equity of 94.78% and a net margin of 7.76%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the business earned $0.62 earnings per share. Equities research analysts forecast that Jack In The Box will post $3.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, December 5th will be given a dividend of $0.40 per share. This is a positive change from Jack In The Box’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Thursday, December 1st. Jack In The Box’s payout ratio is presently 32.97%.

In related news, Director David Goebel sold 1,480 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $101.46, for a total value of $150,160.80. Following the completion of the transaction, the director now directly owns 23,377 shares in the company, valued at approximately $2,371,830.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the transaction, the vice president now owns 16,059 shares of the company’s stock, valued at $1,686,195. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Bank of Montreal Can raised its position in shares of Jack In The Box by 109.1% in the third quarter. Bank of Montreal Can now owns 1,306 shares of the company’s stock valued at $126,000 after buying an additional 15,681 shares in the last quarter. Seven Eight Capital LLC raised its position in shares of Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock valued at $171,000 after buying an additional 738 shares in the last quarter. World Asset Management Inc acquired a new position in shares of Jack In The Box during the third quarter valued at about $205,000. Finally, Weiss Asset Management LP acquired a new position in shares of Jack In The Box during the third quarter valued at about $234,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Jack In The Box Company Profile

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