BidaskClub upgraded shares of Jack in the Box (NASDAQ:JACK) from a sell rating to a hold rating in a research report released on Monday morning.
Several other equities research analysts also recently issued reports on the company. Cowen reiterated a hold rating and issued a $81.00 price objective on shares of Jack in the Box in a report on Friday, November 30th. Zacks Investment Research cut Jack in the Box from a hold rating to a strong sell rating in a report on Monday, November 26th. Jefferies Financial Group reiterated a hold rating and set a $95.00 target price on shares of Jack in the Box in a report on Thursday, November 22nd. Stifel Nicolaus restated a hold rating on shares of Jack in the Box in a report on Wednesday, November 21st. Finally, ValuEngine raised Jack in the Box from a sell rating to a hold rating in a research report on Monday, November 12th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company. Jack in the Box currently has an average rating of Hold and a consensus price target of $94.09.
Shares of JACK traded up $0.20 during midday trading on Monday, reaching $81.08. 10,624 shares of the stock were exchanged, compared to its average volume of 531,958. Jack in the Box has a 52 week low of $74.19 and a 52 week high of $97.15. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 21.40, a PEG ratio of 1.60 and a beta of 0.62.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.08). Jack in the Box had a negative return on equity of 23.22% and a net margin of 13.96%. The firm 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 business earned $0.73 earnings per share. The company’s revenue for the quarter was down 23.5% compared to the same quarter last year. On average, equities analysts forecast that Jack in the Box will post 4.22 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 18th. Shareholders of record on Wednesday, December 5th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.97%. The ex-dividend date of this dividend was Tuesday, December 4th. Jack in the Box’s payout ratio is 42.22%.
In other news, VP Carol A. Diraimo sold 419 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $87.66, for a total transaction of $36,729.54. Following the transaction, the vice president now directly owns 16,491 shares in the company, valued at approximately $1,445,601.06. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Leonard A. Comma sold 11,528 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $87.66, for a total transaction of $1,010,544.48. Following the transaction, the chief executive officer now owns 196,397 shares in the company, valued at $17,216,161.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,563 shares of company stock worth $1,344,242. Corporate insiders own 2.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of JACK. Ancora Advisors LLC bought a new stake in Jack in the Box in the third quarter worth $110,000. Tower Research Capital LLC TRC boosted its holdings 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 worth $129,000 after purchasing an additional 1,123 shares in the last quarter. Signition LP bought a new stake in Jack in the Box in the third quarter worth $205,000. First Trust Advisors LP boosted its holdings in Jack in the Box by 27.7% in the second quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock worth $303,000 after purchasing an additional 772 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in Jack in the Box by 43.8% in the third quarter. Riverhead Capital Management LLC now owns 4,269 shares of the restaurant operator’s stock worth $358,000 after purchasing an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 94.83% of the company’s stock.
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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