Jack in the Box (JACK) Downgraded to Market Perform at Telsey Advisory Group

Jack in the Box (NASDAQ:JACK) was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday.

Several other equities research analysts have also commented on JACK. SunTrust Banks reaffirmed a “buy” rating and issued a $113.00 price target on shares of Jack in the Box in a report on Wednesday, January 3rd. BTIG Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Goldman Sachs Group raised shares of Jack in the Box from a “sell” rating to a “neutral” rating in a research note on Friday, January 5th. Stifel Nicolaus initiated coverage on shares of Jack in the Box in a research note on Monday, October 2nd. They set a “hold” rating and a $105.00 target price on the stock. Finally, BidaskClub lowered shares of Jack in the Box from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $111.15.

Jack in the Box (NASDAQ:JACK) traded down $1.53 during trading hours on Wednesday, reaching $94.64. 982,600 shares of the company’s stock traded hands, compared to its average volume of 1,095,662. Jack in the Box has a one year low of $90.89 and a one year high of $113.00. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. The stock has a market capitalization of $2,790.00, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. During the same period in the previous year, the company posted $1.03 earnings per share. Jack in the Box’s revenue for the quarter was down 15.0% compared to the same quarter last year. research analysts predict that Jack in the Box will post 4.48 EPS for the current year.

In related news, CEO Leonard A. Comma sold 6,021 shares of Jack in the Box stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $615,466.62. Following the sale, the chief executive officer now directly owns 173,796 shares in the company, valued at approximately $17,765,427.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Leonard A. Comma sold 9,436 shares of Jack in the Box stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $941,524.08. Following the sale, the chief executive officer now owns 181,320 shares in the company, valued at $18,092,109.60. The disclosure for this sale can be found here. Insiders sold a total of 26,201 shares of company stock valued at $2,641,365 in the last quarter. 2.10% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of JACK. Legal & General Group Plc increased its stake in Jack in the Box by 22.0% in the second quarter. Legal & General Group Plc now owns 24,685 shares of the restaurant operator’s stock valued at $2,432,000 after purchasing an additional 4,458 shares during the period. Victory Capital Management Inc. increased its stake 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 valued at $185,000 after purchasing an additional 283 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Jack in the Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after purchasing an additional 601 shares during the period. JPMorgan Chase & Co. increased its stake in Jack in the Box by 58.4% in the second quarter. JPMorgan Chase & Co. now owns 49,539 shares of the restaurant operator’s stock valued at $4,879,000 after purchasing an additional 18,257 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Jack in the Box by 3.0% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock valued at $483,000 after purchasing an additional 165 shares during the period. Institutional investors own 98.71% of the company’s stock.

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About Jack in the Box

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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