Trading Report: Today, Jack In The Box Inc. (JACK) PT Raised to $121.00

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

Jack In The Box Inc. (NASDAQ:JACK) had its target price increased by equities research analysts at Jefferies Group from $112.00 to $121.00 in a report issued on Friday. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 14.75% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Barclays PLC upped their price target on Jack In The Box from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Wedbush restated an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Jack In The Box in a report on Thursday, August 4th. 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 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 report on Tuesday, August 2nd. Finally, Telsey Advisory Group upped their price target on Jack In The Box from $105.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Jack In The Box 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 one year low of $61.78 and a one year high of $109.40. The firm has a market capitalization of $3.43 billion, a PE ratio of 28.86 and a beta of 0.50. The stock has a 50 day moving average of $97.88 and a 200-day moving average of $92.52.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Monday, November 21st. The company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.15. The firm 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 83.17% and a net margin of 7.76%. Jack In The Box’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. On average, equities analysts predict that Jack In The Box will post $3.73 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, December 5th will be given a $0.40 dividend. The ex-dividend date is Thursday, December 1st. 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 yield of 1.52%. Jack In The Box’s dividend payout ratio (DPR) is currently 32.97%.

In other news, Director David Goebel sold 1,480 shares of the stock in a transaction 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 owns 23,377 shares of the company’s stock, valued at $2,371,830.42. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Leonard A. Comma sold 67,572 shares of the stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $96.68, for a total value of $6,532,860.96. Following the completion of the transaction, the chief executive officer now directly owns 164,710 shares of the company’s stock, valued at approximately $15,924,162.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cortina Asset Management LLC boosted its position 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 last quarter. Adams Diversified Equity Fund Inc. acquired a new position in Jack In The Box during the second quarter valued at about $473,000. Kornitzer Capital Management Inc. KS acquired a new position in Jack In The Box during the second quarter valued at about $258,000. Falcon Point Capital LLC boosted its position 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 last quarter. Finally, Renaissance Technologies LLC boosted its position 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 last quarter. 95.36% of the stock is owned by institutional investors.

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