Jack In The Box Inc. (NASDAQ:JACK) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, June 27th.
JACK has been the subject of several other reports. TheStreet upgraded Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. Jefferies Group LLC reissued a “buy” rating on shares of Jack In The Box in a research report on Wednesday, May 3rd. Zacks Investment Research raised Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, April 26th. Bank of America Corporation reaffirmed a “buy” rating and issued a $120.00 target price (up previously from $110.00) on shares of Jack In The Box in a research report on Friday, May 19th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $100.00 target price on shares of Jack In The Box in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $117.00.
Shares of Jack In The Box (JACK) traded down 2.87% during mid-day trading on Tuesday, hitting $92.65. 685,584 shares of the stock were exchanged. Jack In The Box has a 12 month low of $86.51 and a 12 month high of $113.30. The stock’s 50 day moving average is $99.49 and its 200-day moving average is $102.25. The stock has a market cap of $2.73 billion, a PE ratio of 22.89 and a beta of 0.58.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.07. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The company had revenue of $369.40 million during the quarter, compared to analysts’ expectations of $369.36 million. During the same period in the previous year, the firm posted $0.85 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts anticipate that Jack In The Box will post $4.19 EPS for the current year.
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In related news, EVP Phillip H. Rudolph sold 6,908 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $103.64, for a total value of $715,945.12. Following the sale, the executive vice president now directly owns 99,261 shares in the company, valued at approximately $10,287,410.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Jack In The Box by 20,582.3% in the first quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock worth $333,074,000 after buying an additional 3,258,594 shares during the last quarter. FMR LLC raised its stake in Jack In The Box by 72.6% in the first quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock valued at $130,542,000 after buying an additional 539,805 shares in the last quarter. State Street Corp raised its stake in Jack In The Box by 2.0% in the first quarter. State Street Corp now owns 1,060,981 shares of the restaurant operator’s stock valued at $107,920,000 after buying an additional 20,786 shares in the last quarter. Credit Suisse AG raised its stake in Jack In The Box by 514.2% in the first quarter. Credit Suisse AG now owns 943,680 shares of the restaurant operator’s stock valued at $95,990,000 after buying an additional 790,044 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Jack In The Box by 2.3% in the first quarter. AQR Capital Management LLC now owns 555,430 shares of the restaurant operator’s stock valued at $56,498,000 after buying an additional 12,645 shares in the last quarter. 93.90% of the stock is 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 (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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