Jack in the Box (NASDAQ:JACK) PT Raised to $73.00

Jack in the Box (NASDAQ:JACK) had its target price upped by Bank of America from $72.00 to $73.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other equities analysts have also commented on JACK. StockNews.com lowered Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their target price on Jack in the Box from $59.00 to $56.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Barclays lowered their price target on Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating for the company in a report on Tuesday. Oppenheimer decreased their target price on Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, TD Cowen dropped their price target on Jack in the Box from $57.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.25.

Jack in the Box Stock Performance

Shares of JACK opened at $46.77 on Tuesday. Jack in the Box has a 1 year low of $40.84 and a 1 year high of $86.20. The stock has a market capitalization of $906.87 million, a PE ratio of 8.23, a PEG ratio of 0.65 and a beta of 1.94. The stock has a 50-day simple moving average of $46.31 and a 200-day simple moving average of $51.65.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company had revenue of $369.17 million during the quarter, compared to the consensus estimate of $371.81 million. During the same quarter in the previous year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. Analysts predict that Jack in the Box will post 6.21 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.76%. Jack in the Box’s payout ratio is currently 30.99%.

Insider Transactions at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Jack in the Box by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock valued at $163,000 after buying an additional 179 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Jack in the Box by 2.5% in the first quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator’s stock valued at $779,000 after purchasing an additional 277 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after buying an additional 358 shares in the last quarter. EntryPoint Capital LLC increased its position in Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Jack in the Box by 8.8% in the 1st quarter. Inspire Investing LLC now owns 5,796 shares of the restaurant operator’s stock valued at $397,000 after purchasing an additional 471 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.