A number of other equities analysts also recently weighed in on JACK. Wedbush downgraded Jack in the Box from an outperform rating to a neutral rating and lowered their price target for the stock from $115.00 to $104.00 in a research report on Monday, November 20th. Robert W. Baird reissued a buy rating and set a $115.00 price target on shares of Jack in the Box in a research report on Tuesday, September 19th. Stifel Nicolaus assumed coverage on Jack in the Box in a research report on Monday, October 2nd. They set a hold rating and a $105.00 price target on the stock. BTIG Research downgraded Jack in the Box from a buy rating to a neutral rating in a research report on Tuesday, January 2nd. Finally, Jefferies Group reissued a buy rating and set a $120.00 price target on shares of Jack in the Box in a research report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $111.15.
Shares of Jack in the Box (NASDAQ JACK) opened at $92.86 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. The stock has a market capitalization of $2,730.00, a PE ratio of 20.68, a P/E/G ratio of 1.56 and a beta of 0.52. Jack in the Box has a 12-month low of $90.89 and a 12-month high of $113.00.
Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The company had revenue of $338.75 million during the quarter, compared to analyst estimates of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. Jack in the Box’s revenue was down 15.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 EPS. research analysts expect that Jack in the Box will post 4.54 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, December 1st. Jack in the Box’s payout ratio is 35.63%.
In other news, VP Dean C. Gordon sold 278 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the transaction, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frances L. Allen sold 530 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares in the company, valued at approximately $1,127,653.09. The disclosure for this sale can be found here. Insiders sold 26,201 shares of company stock worth $2,641,365 in the last ninety days. 2.10% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Jana Partners LLC acquired a new position in shares of Jack in the Box in the third quarter valued at approximately $134,200,000. State Street Corp grew its position in shares of Jack in the Box by 0.3% in the second quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock valued at $104,850,000 after purchasing an additional 3,496 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Jack in the Box by 60.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Jack in the Box by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock valued at $73,497,000 after buying an additional 8,434 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Jack in the Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after buying an additional 77,557 shares during the period. 98.71% of the stock is currently owned by institutional investors.
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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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