Jack in the Box Inc. (JACK) Given Average Rating of “Hold” by Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are presently covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $92.67.

JACK has been the topic of a number of analyst reports. Wedbush reissued a “hold” rating and set a $85.00 target price on shares of Jack in the Box in a report on Tuesday. BidaskClub upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Gordon Haskett upgraded shares of Jack in the Box from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Finally, Wells Fargo & Co lowered their price objective on shares of Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, February 14th.

JACK traded down $0.71 during midday trading on Thursday, reaching $79.00. 45,404 shares of the company were exchanged, compared to its average volume of 444,013. The firm has a market capitalization of $2.08 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.57 and a beta of 0.55. Jack in the Box has a one year low of $74.19 and a one year high of $93.98.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, February 20th. The restaurant operator reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. Jack in the Box had a negative return on equity of 20.44% and a net margin of 16.55%. The firm had revenue of $290.80 million for the quarter, compared to the consensus estimate of $275.26 million. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue was down 1.3% compared to the same quarter last year. On average, analysts expect that Jack in the Box will post 4.25 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Monday, March 4th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Friday, March 1st. Jack in the Box’s dividend payout ratio is 42.22%.

In other Jack in the Box news, CFO Lance F. Tucker sold 517 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $81.26, for a total transaction of $42,011.42. Following the completion of the transaction, the chief financial officer now owns 19,004 shares of the company’s stock, valued at $1,544,265.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 1,113 shares of company stock valued at $89,004 in the last ninety days. Insiders own 2.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. JNBA Financial Advisors acquired a new position in Jack in the Box during the 4th quarter valued at approximately $31,000. Ancora Advisors LLC purchased a new position in Jack in the Box during the third quarter valued at $110,000. Strs Ohio lifted its holdings in Jack in the Box by 600.0% during the fourth quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock valued at $108,000 after purchasing an additional 1,200 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Jack in the Box by 267.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 1,123 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in Jack in the Box during the fourth quarter valued at $197,000. 95.52% of the stock is 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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