Today: The Jack In The Box’s (JACK) “Outperform” Rating Reiterated at Wedbush

The Jack In The Box’s (JACK) “Outperform” Rating Reiterated at Wedbush

Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a note issued to investors on Saturday. They presently have a $115.00 target price on the stock. Wedbush’s price target indicates a potential upside of 21.37% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Barclays PLC lifted their price target on shares of Jack In The Box from $86.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Friday, August 5th. Jefferies Group lifted their price target on shares of Jack In The Box from $100.00 to $112.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $97.00 price target on shares of Jack In The Box in a research report on Tuesday, August 2nd. Finally, Vetr lowered shares of Jack In The Box from a “hold” rating to a “sell” rating and set a $87.97 price target on the stock. in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Jack In The Box presently has a consensus rating of “Buy” and a consensus price target of $101.53.

Shares of Jack In The Box (NASDAQ:JACK) opened at 94.75 on Friday. The stock’s 50 day moving average price is $98.19 and its 200-day moving average price is $84.42. The firm has a market capitalization of $3.10 billion, a P/E ratio of 28.82 and a beta of 0.41. Jack In The Box has a 12-month low of $61.78 and a 12-month high of $102.68.

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Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. The firm had revenue of $368.94 million for the quarter, compared to analyst estimates of $367.52 million. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.76 earnings per share. On average, equities analysts expect that Jack In The Box will post $3.73 EPS for the current year.

In related news, EVP Phillip H. Rudolph sold 8,505 shares of Jack In The Box stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $98.00, for a total value 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Keith M. Guilbault sold 1,925 shares of Jack In The Box stock in a transaction on Monday, August 8th. The shares were sold at an average price of $96.59, for a total transaction of $185,935.75. Following the completion of the sale, the insider now directly owns 16,521 shares of the company’s stock, valued at approximately $1,595,763.39. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Several large investors have recently added to or reduced their stakes in JACK. First Mercantile Trust Co. raised its stake in Jack In The Box by 43.3% in the third quarter. First Mercantile Trust Co. now owns 5,989 shares of the company’s stock valued at $575,000 after buying an additional 1,809 shares during the last quarter. Macquarie Group Ltd. raised its stake in Jack In The Box by 21.8% in the second quarter. Macquarie Group Ltd. now owns 344,149 shares of the company’s stock valued at $29,569,000 after buying an additional 61,671 shares during the last quarter. Mason Street Advisors LLC acquired a new stake in Jack In The Box during the second quarter valued at about $1,275,000. Sterling Capital Management LLC raised its stake in Jack In The Box by 27.0% in the second quarter. Sterling Capital Management LLC now owns 31,258 shares of the company’s stock valued at $2,685,000 after buying an additional 6,652 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Jack In The Box by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 175,534 shares of the company’s stock valued at $15,082,000 after buying an additional 3,096 shares during the last quarter. 98.56% of the stock is owned by institutional investors and hedge funds.

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