BidaskClub Upgrades Jack In The Box Inc. (JACK) to Hold

Jack In The Box Inc. (NASDAQ:JACK) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Tuesday.

A number of other equities analysts have also recently commented on JACK. Robert W. Baird dropped their price target on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Jack In The Box in a research note on Thursday, July 27th. Wells Fargo & Company reissued an “outperform” rating and issued a $125.00 price objective on shares of Jack In The Box in a research report on Thursday, August 3rd. Telsey Advisory Group cut shares of Jack In The Box from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $125.00 to $118.00 in a research report on Thursday, May 18th. Finally, Cowen and Company reissued a “hold” rating and issued a $100.00 price objective on shares of Jack In The Box in a research report on Friday, May 12th. One equities research analyst has 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. Jack In The Box currently has an average rating of “Buy” and a consensus price target of $116.23.

Shares of Jack In The Box (NASDAQ:JACK) traded down 0.26% during trading on Tuesday, hitting $94.87. 467,298 shares of the stock traded hands. Jack In The Box has a 12 month low of $86.51 and a 12 month high of $113.30. The stock has a market cap of $2.79 billion, a PE ratio of 23.44 and a beta of 0.57. The firm’s 50-day moving average price is $98.26 and its 200-day moving average price is $101.80.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. The firm had revenue of $369.40 million during the quarter, compared to analysts’ expectations of $369.36 million. During the same period in the previous year, the company earned $0.85 EPS. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that Jack In The Box will post $4.17 EPS for the current year.

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In other news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $103.64, for a total value of $715,945.12. Following the completion of the sale, the executive vice president now owns 99,261 shares in the company, valued at approximately $10,287,410.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Several large investors have recently bought and sold shares of JACK. Glen Harbor Capital Management LLC raised its stake in Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 16 shares in the last quarter. Tyers Asset Management LLC raised its stake in Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 22 shares in the last quarter. Flinton Capital Management LLC raised its stake in Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 28 shares in the last quarter. Neuburgh Advisers LLC raised its stake in Jack In The Box by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 2,448 shares of the restaurant operator’s stock valued at $249,000 after buying an additional 34 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Jack In The Box by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,626 shares of the restaurant operator’s stock valued at $267,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 93.90% 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 (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.

Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

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