Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “sell” rating restated by research analysts at Goldman Sachs Group Inc. in a research note issued to investors on Friday. They currently have a $88.00 price objective on the stock. Goldman Sachs Group Inc.’s price target suggests a potential downside of 16.55% from the company’s current price.
Several other research firms have also recently issued reports on JACK. Zacks Investment Research raised Jack In The Box from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research note on Tuesday, October 4th. Wedbush reaffirmed an “outperform” rating and set a $115.00 target price on shares of Jack In The Box in a research note on Saturday, October 8th. Wells Fargo & Co. reaffirmed an “outperform” rating and set a $90.50 target price (up previously from $82.50) on shares of Jack In The Box in a research note on Thursday, August 4th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $115.00 target price (up previously from $105.00) on shares of Jack In The Box in a research note on Monday, September 26th. Finally, Robert W. Baird reaffirmed an “outperform” rating on shares of Jack In The Box in a research note on Thursday, September 8th. 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 has a consensus rating of “Hold” and an average price target of $102.23.
Jack In The Box (NASDAQ:JACK) opened at 104.95 on Friday. Jack In The Box has a 52 week low of $61.78 and a 52 week high of $109.40. The company has a 50-day moving average of $97.88 and a 200 day moving average of $92.52. The firm has a market cap of $3.43 billion, a P/E ratio of 28.86 and a beta of 0.50.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Monday, November 21st. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.15. Jack In The Box had a negative return on equity of 83.17% 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 quarter in the prior year, the business posted $0.62 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Jack In The Box will post $3.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, December 5th will be paid a $0.40 dividend. This is an increase from Jack In The Box’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, December 1st. Jack In The Box’s dividend payout ratio is currently 32.97%.
In other news, Director David Goebel sold 1,480 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $101.46, for a total transaction of $150,160.80. Following the completion of the sale, the director now directly owns 23,377 shares of the company’s stock, valued at approximately $2,371,830.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $94.03, for a total value of $49,835.90. Following the sale, the insider now directly owns 9,196 shares of the company’s stock, valued at $864,699.88. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Several large investors have recently bought and sold shares of JACK. HL Financial Services LLC increased its stake in 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 period. Daiwa Securities Group Inc. purchased a new stake in Jack In The Box during the second quarter worth $292,000. Adams Diversified Equity Fund Inc. purchased a new stake in Jack In The Box during the second quarter worth $473,000. Oakbrook Investments LLC purchased a new stake in Jack In The Box during the second quarter worth $232,000. Finally, Locust Wood Capital Advisers LLC purchased a new stake in Jack In The Box during the second quarter worth $10,157,000. 95.36% of the stock is owned by institutional investors.
Jack In The Box Company Profile