Jack In The Box Inc. (JACK) PT Lowered to $115.00

Jack In The Box Inc. (NASDAQ:JACK) had its price target dropped by Robert W. Baird from $120.00 to $115.00 in a research report issued on Tuesday. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Robert W. Baird’s price target indicates a potential upside of 20.90% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company reissued an “outperform” rating and issued a $125.00 target price on shares of Jack In The Box in a research report on Thursday, August 3rd. BidaskClub raised shares of Jack In The Box from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a research report on Thursday, July 27th. Zacks Investment Research raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Finally, TheStreet raised shares of Jack In The Box from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Jack In The Box presently has an average rating of “Hold” and an average price target of $116.23.

Jack In The Box (NASDAQ JACK) opened at 95.12 on Tuesday. Jack In The Box has a 1-year low of $86.51 and a 1-year high of $113.30. The firm has a market cap of $2.80 billion, a P/E ratio of 23.50 and a beta of 0.57. The firm has a 50-day moving average of $98.26 and a 200 day moving average of $101.80.

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

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In other Jack In The Box 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 transaction of $715,945.12. Following the completion of the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at approximately $10,287,410.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. FNY Managed Accounts LLC purchased a new position in Jack In The Box during the first quarter worth about $108,000. Glen Harbor Capital Management LLC raised its position 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 worth $117,000 after buying an additional 16 shares during the last quarter. Tyers Asset Management LLC raised its position 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 worth $161,000 after buying an additional 22 shares during the last quarter. Victory Capital Management Inc. raised its position in Jack In The Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after buying an additional 283 shares during the last quarter. Finally, Flinton Capital Management LLC raised its position 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 worth $205,000 after buying an additional 28 shares during the last quarter. 93.90% of the stock is owned by hedge funds and other institutional investors.

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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