Jack in the Box (JACK) Lifted to Hold at BidaskClub

Jack in the Box (NASDAQ:JACK) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other equities analysts also recently commented on JACK. ValuEngine upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. Cowen restated a “hold” rating and issued a $94.00 price objective on shares of Jack in the Box in a research report on Thursday, August 9th. OTR Global upgraded Jack in the Box to a “positive” rating in a research report on Friday, November 2nd. Stifel Nicolaus lowered their price objective on Jack in the Box from $93.00 to $88.00 and set a “reduce” rating on the stock in a research report on Monday, October 1st. Finally, Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $115.00 to $80.00 in a research report on Friday, October 26th. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.92.

Shares of Jack in the Box stock opened at $85.77 on Wednesday. Jack in the Box has a 52 week low of $75.09 and a 52 week high of $108.55. The stock has a market capitalization of $2.34 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.51 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). Jack in the Box had a net margin of 13.96% and a negative return on equity of 23.22%. The business had revenue of $177.47 million during the quarter, compared to analysts’ expectations of $175.26 million. During the same quarter in the previous year, the firm earned $0.73 earnings per share. Jack in the Box’s revenue was down 23.5% on a year-over-year basis. As a group, sell-side analysts predict that Jack in the Box will post 4.32 EPS for the current fiscal year.

In other news, Director David Goebel sold 1,849 shares of Jack in the Box stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $83.58, for a total value of $154,539.42. Following the sale, the director now directly owns 18,396 shares of the company’s stock, valued at $1,537,537.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Kepos Capital LP bought a new stake in Jack in the Box during the third quarter worth approximately $6,393,000. Neuberger Berman Group LLC bought a new stake in Jack in the Box during the third quarter worth approximately $10,168,000. Macquarie Group Ltd. increased its stake in Jack in the Box by 24.3% during the third quarter. Macquarie Group Ltd. now owns 633,009 shares of the restaurant operator’s stock worth $53,065,000 after acquiring an additional 123,630 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in Jack in the Box by 12.8% during the third quarter. MetLife Investment Advisors LLC now owns 35,413 shares of the restaurant operator’s stock worth $2,969,000 after acquiring an additional 4,018 shares during the last quarter. Finally, Tyvor Capital LLC increased its stake in Jack in the Box by 166.4% during the third quarter. Tyvor Capital LLC now owns 302,645 shares of the restaurant operator’s stock worth $25,371,000 after acquiring an additional 189,028 shares during the last quarter. 97.76% of the stock is currently owned by institutional investors.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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

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