A number of other equities analysts have also recently commented on the company. SunTrust Banks increased their target price on Jack in the Box to $108.00 and gave the company a buy rating in a report on Friday, May 17th. Telsey Advisory Group increased their target price on Jack in the Box from $95.00 to $105.00 and gave the company an outperform rating in a report on Thursday, August 22nd. ValuEngine raised Jack in the Box from a sell rating to a hold rating in a report on Thursday, August 8th. Stifel Nicolaus raised Jack in the Box from a hold rating to a buy rating and increased their target price for the company from $85.00 to $95.00 in a report on Monday, May 20th. Finally, Wedbush raised Jack in the Box from a neutral rating to an outperform rating and increased their target price for the company from $75.00 to $105.00 in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $92.33.
Shares of JACK traded up $1.16 during mid-day trading on Thursday, reaching $87.98. The company had a trading volume of 364,066 shares, compared to its average volume of 558,606. Jack in the Box has a 52-week low of $70.77 and a 52-week high of $90.49. The stock has a market capitalization of $2.24 billion, a P/E ratio of 23.21, a PEG ratio of 1.60 and a beta of 0.22. The stock has a 50 day moving average of $83.05 and a two-hundred day moving average of $80.80.
Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The firm had revenue of $222.36 million for the quarter, compared to the consensus estimate of $220.44 million. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The company’s revenue was up 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 earnings per share. Analysts anticipate that Jack in the Box will post 4.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, August 16th. Jack in the Box’s dividend payout ratio (DPR) is currently 42.22%.
In other Jack in the Box news, CEO Leonard A. Comma sold 3,000 shares of Jack in the Box stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $90.00, for a total value of $270,000.00. Following the sale, the chief executive officer now owns 186,522 shares of the company’s stock, valued at approximately $16,786,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Carol A. Diraimo sold 1,540 shares of Jack in the Box stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $90.00, for a total value of $138,600.00. Following the completion of the sale, the vice president now directly owns 18,538 shares in the company, valued at approximately $1,668,420. The disclosure for this sale can be found here. Insiders have sold 35,080 shares of company stock worth $3,047,960 in the last quarter. Insiders own 2.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Chicago Equity Partners LLC grew its position in Jack in the Box by 90.4% in the 2nd quarter. Chicago Equity Partners LLC now owns 64,735 shares of the restaurant operator’s stock worth $5,269,000 after purchasing an additional 30,735 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Jack in the Box during the 2nd quarter valued at about $324,000. Bessemer Group Inc. acquired a new stake in shares of Jack in the Box during the 2nd quarter valued at about $2,556,000. Quantitative Systematic Strategies LLC lifted its holdings in Jack in the Box by 5.4% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 17,000 shares of the restaurant operator’s stock valued at $1,384,000 after purchasing an additional 866 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in Jack in the Box by 207.2% during the 2nd quarter. Prudential Financial Inc. now owns 97,883 shares of the restaurant operator’s stock valued at $7,966,000 after purchasing an additional 66,021 shares during the last quarter.
About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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