Jack in the Box Inc. (JACK) Given Consensus Recommendation of “Hold” by Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $105.36.

Several research firms have recently weighed in on JACK. Zacks Investment Research lowered Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Oppenheimer reissued a “buy” rating on shares of Jack in the Box in a research note on Tuesday, December 19th. Jefferies Group lowered Jack in the Box from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $120.00 to $100.00 in a research note on Wednesday, December 20th. BidaskClub lowered Jack in the Box from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Finally, Goldman Sachs raised Jack in the Box from a “sell” rating to a “neutral” rating in a research note on Friday, January 5th.

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In other news, VP Vanessa C. Fox sold 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $88.40, for a total value of $44,200.00. Following the completion of the sale, the vice president now owns 2,142 shares of the company’s stock, valued at $189,352.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Vanessa C. Fox sold 610 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $91.00, for a total value of $55,510.00. Following the completion of the sale, the vice president now directly owns 2,051 shares of the company’s stock, valued at approximately $186,641. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,596 shares of company stock valued at $225,544. 2.60% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in JACK. Royal Bank of Canada raised its holdings in shares of Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 105 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Jack in the Box by 36.5% during the third quarter. Victory Capital Management Inc. now owns 2,560 shares of the restaurant operator’s stock worth $261,000 after acquiring an additional 685 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Jack in the Box by 43.5% during the third quarter. Sei Investments Co. now owns 5,160 shares of the restaurant operator’s stock worth $525,000 after acquiring an additional 1,563 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Jack in the Box by 10.1% during the third quarter. Rhumbline Advisers now owns 77,173 shares of the restaurant operator’s stock worth $7,865,000 after acquiring an additional 7,072 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Jack in the Box by 13.7% during the third quarter. Russell Investments Group Ltd. now owns 95,581 shares of the restaurant operator’s stock worth $9,741,000 after acquiring an additional 11,542 shares in the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Shares of JACK traded up $0.21 during trading hours on Friday, hitting $85.33. 379,359 shares of the company were exchanged, compared to its average volume of 805,605. The firm has a market cap of $2,519.97, a PE ratio of 21.99, a P/E/G ratio of 1.49 and a beta of 0.43. The company has a quick ratio of 1.52, a current ratio of 1.53 and a debt-to-equity ratio of -2.77. Jack in the Box has a one year low of $79.30 and a one year high of $113.00.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.17. The business had revenue of $294.50 million during the quarter, compared to analyst estimates of $284.37 million. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. The company’s revenue was down 16.6% compared to the same quarter last year. During the same period last year, the company posted $1.18 EPS. equities research analysts anticipate that Jack in the Box will post 3.98 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. Jack in the Box’s dividend payout ratio (DPR) is presently 41.24%.

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About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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