Today, Jack In The Box Inc. (JACK) Stock Rating Reaffirm by Goldman Sachs Group Inc.

Today, Jack In The Box Inc. (JACK) Stock Rating Reaffirm by Goldman Sachs Group Inc.
Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “sell” rating restated by Goldman Sachs Group Inc. in a research report issued to clients and investors on Friday. They currently have a $88.00 target price on the stock. Goldman Sachs Group Inc.’s price objective would suggest a potential downside of 18.24% from the stock’s previous close.

Several other research firms have also commented on JACK. Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a report on Tuesday, October 4th. Wedbush reiterated an “outperform” rating and issued a $115.00 price objective on shares of Jack In The Box in a research report on Saturday, October 8th. Wells Fargo & Co. reiterated an “outperform” rating and issued a $90.50 price objective (up previously from $82.50) on shares of Jack In The Box in a research report on Thursday, August 4th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $115.00 price objective (up previously from $105.00) on shares of Jack In The Box in a research report on Monday, September 26th. Finally, Robert W. Baird reiterated an “outperform” rating on shares of Jack In The Box in a research report on Thursday, September 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $102.23.

Jack In The Box (NASDAQ:JACK) traded down 0.23% on Friday, reaching $107.38. The company had a trading volume of 46,482 shares. The firm has a market capitalization of $3.51 billion, a P/E ratio of 29.53 and a beta of 0.50. Jack In The Box has a 1-year low of $61.78 and a 1-year high of $109.40. The company’s 50-day moving average price is $97.10 and its 200 day moving average price is $91.67.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, December 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.49%. 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 currently 32.97%.

In related news, VP Carol A. Diraimo sold 2,000 shares of Jack In The Box stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the vice president now owns 16,059 shares in the company, valued at approximately $1,605,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Phillip H. Rudolph sold 8,505 shares of Jack In The Box stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $98.00, for a total transaction of $833,490.00. Following the completion of the sale, the executive vice president now owns 88,196 shares of the company’s stock, valued at approximately $8,643,208. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of JACK. Cortina Asset Management LLC increased its stake in Jack In The Box by 29.8% in the second quarter. Cortina Asset Management LLC now owns 385,056 shares of the company’s stock valued at $33,084,000 after buying an additional 88,383 shares during the period. Adams Diversified Equity Fund Inc. bought a new stake in Jack In The Box during the second quarter valued at $473,000. Kornitzer Capital Management Inc. KS bought a new stake in Jack In The Box during the second quarter valued at $258,000. Falcon Point Capital LLC increased its stake in Jack In The Box by 1.6% in the second quarter. Falcon Point Capital LLC now owns 147,332 shares of the company’s stock valued at $12,659,000 after buying an additional 2,315 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Jack In The Box by 51.6% in the first quarter. Renaissance Technologies LLC now owns 199,300 shares of the company’s stock valued at $12,729,000 after buying an additional 67,800 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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