Wedbush restated their outperform rating on shares of Jack In The Box Inc. (NASDAQ:JACK) in a research note released on Tuesday. They currently have a $125.00 price target on the stock.
A number of other equities analysts also recently issued reports on JACK. Vetr downgraded Jack In The Box from a hold rating to a sell rating and set a $87.97 price objective for the company. in a report on Monday, July 25th. Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $97.00 price objective on shares of Jack In The Box in a report on Tuesday, August 2nd. 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 report on Thursday, August 4th. Barclays PLC increased their price objective 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. Finally, Zacks Investment Research upgraded Jack In The Box from a hold rating to a buy rating and set a $109.00 price objective for the company in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $102.23.
Jack In The Box (NASDAQ:JACK) opened at 107.65 on Tuesday. The company has a 50 day moving average of $97.59 and a 200-day moving average of $91.94. The stock has a market capitalization of $3.52 billion, a P/E ratio of 29.61 and a beta of 0.50. Jack In The Box has a one year low of $61.78 and a one year high of $109.40.
Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.15. The business earned $398.42 million during the quarter, compared to the consensus estimate of $398.67 million. Jack In The Box had a negative return on equity of 83.17% and a net margin of 7.76%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.62 earnings per share. Equities research analysts predict that Jack In The Box will post $3.73 earnings per share for the current fiscal year.
The company 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. This represents a $1.60 annualized dividend and a yield of 1.49%. This is a boost from Jack In The Box’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, December 1st. Jack In The Box’s dividend payout ratio (DPR) is presently 32.97%.
In other Jack In The Box 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 value of $150,160.80. Following the transaction, the director now directly owns 23,377 shares of the company’s stock, valued at $2,371,830.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 completion of the transaction, the insider now directly owns 9,196 shares in the company, valued at $864,699.88. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in JACK. Bank of Montreal Can boosted its position in shares of Jack In The Box by 109.1% in the third quarter. Bank of Montreal Can now owns 1,306 shares of the company’s stock valued at $126,000 after buying an additional 15,681 shares during the last quarter. Seven Eight Capital LLC boosted its position in shares of Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC boosted its position in Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock worth $171,000 after buying an additional 738 shares during the last quarter. World Asset Management Inc bought a new position in Jack In The Box during the third quarter worth $205,000. Finally, Capstone Asset Management Co. bought a new position in Jack In The Box during the second quarter worth $224,000. 95.36% of the stock is currently owned by institutional investors and hedge funds.
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