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.
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.
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.
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