Jack in the Box (NASDAQ:JACK) Upgraded at BidaskClub

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BidaskClub upgraded shares of Jack in the Box (NASDAQ:JACK) from a strong sell rating to a sell rating in a research report released on Saturday, BidAskClub reports.

Several other research firms also recently weighed in on JACK. Stifel Nicolaus raised shares of Jack in the Box from a hold rating to a buy rating and boosted their target price for the stock from $85.00 to $95.00 in a research report on Monday, May 20th. SunTrust Banks boosted their target price on shares of Jack in the Box to $108.00 and gave the stock a buy rating in a research report on Friday, May 17th. Credit Suisse Group initiated coverage on shares of Jack in the Box in a research report on Tuesday, June 25th. They issued an underperform rating and a $75.00 target price for the company. Morgan Stanley initiated coverage on shares of Jack in the Box in a research report on Tuesday, May 21st. They issued an equal weight rating and a $87.00 target price for the company. Finally, Cowen reissued a hold rating on shares of Jack in the Box in a research report on Thursday, May 16th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $88.25.

Shares of JACK stock opened at $73.06 on Friday. Jack in the Box has a 12 month low of $70.77 and a 12 month high of $93.98. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.33 and a beta of 0.30. The business has a fifty day moving average price of $78.78.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The firm had revenue of $215.73 million for the quarter, compared to analyst estimates of $217.99 million. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. As a group, analysts forecast that Jack in the Box will post 4.24 EPS for the current fiscal year.

In other news, EVP Mark H. Blankenship sold 2,413 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $83.69, for a total value of $201,943.97. Following the completion of the sale, the executive vice president now directly owns 27,097 shares of the company’s stock, valued at approximately $2,267,747.93. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Carol A. Diraimo sold 590 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $82.02, for a total transaction of $48,391.80. Following the completion of the sale, the vice president now directly owns 17,588 shares of the company’s stock, valued at $1,442,567.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,267 shares of company stock valued at $436,103. Company insiders own 2.30% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. 6 Meridian lifted its stake in Jack in the Box by 2.4% during the second quarter. 6 Meridian now owns 6,178 shares of the restaurant operator’s stock valued at $503,000 after purchasing an additional 146 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in Jack in the Box by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,406 shares of the restaurant operator’s stock valued at $847,000 after purchasing an additional 148 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Jack in the Box by 0.6% during the first quarter. Retirement Systems of Alabama now owns 33,596 shares of the restaurant operator’s stock valued at $2,723,000 after purchasing an additional 201 shares during the last quarter. Arizona State Retirement System lifted its stake in Jack in the Box by 1.1% during the second quarter. Arizona State Retirement System now owns 18,734 shares of the restaurant operator’s stock valued at $1,525,000 after purchasing an additional 203 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its stake in Jack in the Box by 1.8% during the first quarter. Mason Street Advisors LLC now owns 13,723 shares of the restaurant operator’s stock valued at $1,112,000 after purchasing an additional 239 shares during the last quarter. 95.52% of the stock is owned by institutional investors and hedge funds.

Jack in the Box Company Profile

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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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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