Jack in the Box (JACK) Given Hold Rating at Stifel Nicolaus

Stifel Nicolaus restated their hold rating on shares of Jack in the Box (NASDAQ:JACK) in a report released on Wednesday morning.

Other analysts have also issued research reports about the stock. ValuEngine raised shares of Jack in the Box from a sell rating to a hold rating in a report on Thursday, August 9th. Cowen reissued a hold rating and issued a $94.00 price target on shares of Jack in the Box in a report on Thursday, August 9th. UBS Group raised their price target on shares of Jack in the Box from $95.00 to $100.00 and gave the company a neutral rating in a report on Friday, August 10th. BidaskClub raised shares of Jack in the Box from a sell rating to a hold rating in a report on Friday, August 3rd. Finally, Morgan Stanley reissued a hold rating on shares of Jack in the Box in a report on Tuesday, October 23rd. Twelve investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Jack in the Box presently has an average rating of Hold and a consensus target price of $96.92.

Shares of Jack in the Box stock opened at $87.61 on Wednesday. The company has a market capitalization of $2.21 billion, a P/E ratio of 23.12, a P/E/G ratio of 1.51 and a beta of 0.52. Jack in the Box has a fifty-two week low of $75.09 and a fifty-two week high of $108.55.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Monday, November 19th. The restaurant operator reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.08). The company had revenue of $177.47 million during the quarter, compared to analyst estimates of $175.26 million. Jack in the Box had a net margin of 13.96% and a negative return on equity of 23.22%. The business’s revenue for the quarter was down 23.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 EPS. Research analysts expect that Jack in the Box will post 4.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Shareholders of record on Wednesday, December 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.83%. Jack in the Box’s payout ratio is presently 42.22%.

In other Jack in the Box news, Director David Goebel sold 1,849 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $83.58, for a total value of $154,539.42. Following the transaction, 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 SEC, which is available through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC bought a new position in Jack in the Box in the third quarter valued at approximately $110,000. Tower Research Capital LLC TRC boosted its stake in Jack in the Box by 267.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock valued at $129,000 after acquiring an additional 1,123 shares during the last quarter. Signition LP bought a new position in Jack in the Box in the third quarter valued at approximately $205,000. NumerixS Investment Technologies Inc bought a new position in Jack in the Box in the second quarter valued at approximately $242,000. Finally, Stevens Capital Management LP bought a new position in Jack in the Box in the second quarter valued at approximately $284,000. 97.76% of the stock is currently owned by hedge funds and other 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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