Today, Jack In The Box Inc. (JACK) Price Target Raised to $121.00

Today, Jack In The Box Inc. (JACK) Price Target Raised to $121.00

Jack In The Box Inc. (NASDAQ:JACK) had its price objective boosted by stock analysts at Jefferies Group from $112.00 to $121.00 in a report released on Friday. The firm presently has a “buy” rating on the stock. Jefferies Group’s price objective would indicate a potential upside of 12.42% from the company’s previous close.

A number of other equities research analysts have also recently commented on JACK. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $97.00 price target on shares of Jack In The Box in a research note on Tuesday, August 2nd. Wells Fargo & Co. reiterated an “outperform” rating and issued a $90.50 price target (up from $82.50) on shares of Jack In The Box in a research note on Thursday, August 4th. Wedbush reiterated an “outperform” rating and issued a $115.00 price target (up from $110.00) on shares of Jack In The Box in a research note on Thursday, August 4th. Barclays PLC increased their price target on Jack In The Box from $86.00 to $96.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research note on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $102.23.

Shares of Jack In The Box (NASDAQ:JACK) traded up 0.02% on Friday, hitting $107.65. The company had a trading volume of 41,299 shares. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 29.61 and a beta of 0.50. Jack In The Box has a 52 week low of $61.78 and a 52 week high of $109.40. 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 released its quarterly earnings results on Monday, November 21st. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. Jack In The Box had a negative return on equity of 94.78% and a net margin of 7.76%. The company earned $398.42 million during the quarter, compared to analysts’ expectations of $398.67 million. During the same period last year, the business posted $0.62 earnings per share. The firm’s revenue was up 12.5% compared to the same quarter last year. Equities analysts expect that Jack In The Box will post $3.73 EPS for the current year.

The company 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 $0.40 dividend. 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. This is an increase from Jack In The Box’s previous quarterly dividend of $0.30. Jack In The Box’s dividend payout ratio (DPR) is 32.97%.

In other news, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $94.03, for a total value of $49,835.90. Following the transaction, the insider now owns 9,196 shares in the company, valued at $864,699.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Carol A. Diraimo sold 2,000 shares of Jack In The Box stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the transaction, the vice president now owns 16,059 shares in the company, valued at approximately $1,686,195. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the company. HL Financial Services LLC increased its position in shares of Jack In The Box by 8.8% in the second quarter. HL Financial Services LLC now owns 28,882 shares of the company’s stock worth $2,482,000 after buying an additional 2,342 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Jack In The Box during the second quarter worth approximately $292,000. Adams Diversified Equity Fund Inc. bought a new position in shares of Jack In The Box during the second quarter worth approximately $473,000. Oakbrook Investments LLC bought a new position in shares of Jack In The Box during the second quarter worth approximately $232,000. Finally, Locust Wood Capital Advisers LLC bought a new position in shares of Jack In The Box during the second quarter worth approximately $10,157,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Jack In The Box Company Profile

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