Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “outperform” rating reiterated by research analysts at Wedbush in a research report issued on Saturday. They currently have a $115.00 price objective on the stock. Wedbush’s target price would indicate a potential upside of 21.37% from the stock’s previous close.
JACK has been the subject of a number of other reports. Robert W. Baird reaffirmed an “outperform” rating and set a $105.00 price target on shares of Jack In The Box in a report on Thursday, June 23rd. Barclays PLC lifted their price target on Jack In The Box from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Bank of America Corp. reaffirmed a “buy” rating and set a $108.00 price target on shares of Jack In The Box in a report on Tuesday, September 27th. Telsey Advisory Group decreased their price target on Jack In The Box from $105.00 to $85.00 and set an “outperform” rating for the company in a report on Wednesday, July 13th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $97.00 price target on shares of Jack In The Box in a report on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. Jack In The Box currently has an average rating of “Buy” and an average target price of $101.53.
Shares of Jack In The Box (NASDAQ:JACK) opened at 94.75 on Friday. The company’s 50-day moving average price is $98.19 and its 200 day moving average price is $84.42. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 28.82 and a beta of 0.41. Jack In The Box has a 12-month low of $61.78 and a 12-month high of $102.68.
Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.20. The company earned $368.94 million during the quarter, compared to the consensus estimate of $367.52 million. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. Jack In The Box’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.76 EPS. On average, equities research analysts forecast that Jack In The Box will post $3.73 EPS for the current fiscal year.
In other news, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the sale, the vice president now directly owns 16,059 shares of the company’s stock, valued at approximately $1,605,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Goebel sold 1,480 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $101.46, for a total value of $150,160.80. Following the completion of the sale, the director now directly owns 23,377 shares of the company’s stock, valued at $2,371,830.42. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. Eagle Asset Management Inc. increased its stake in Jack In The Box by 14.3% in the second quarter. Eagle Asset Management Inc. now owns 655,089 shares of the company’s stock valued at $56,285,000 after buying an additional 82,066 shares during the last quarter. Suvretta Capital Management LLC purchased a new stake in Jack In The Box during the first quarter valued at $30,683,000. AQR Capital Management LLC increased its stake in Jack In The Box by 6.4% in the second quarter. AQR Capital Management LLC now owns 421,677 shares of the company’s stock valued at $36,230,000 after buying an additional 25,261 shares during the last quarter. Advisory Research Inc. purchased a new stake in Jack In The Box during the second quarter valued at $34,541,000. Finally, Melvin Capital Management LP increased its stake in Jack In The Box by 6.7% in the second quarter. Melvin Capital Management LP now owns 400,000 shares of the company’s stock valued at $34,368,000 after buying an additional 25,000 shares during the last quarter. 98.56% of the stock is owned by institutional investors and hedge funds.
About Jack In The Box
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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