Cowen upgraded shares of Jack in the Box (NASDAQ:JACK) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, AnalystRatings.com reports. Cowen currently has $102.00 price target on the restaurant operator’s stock, up from their previous price target of $91.00.
A number of other research analysts also recently commented on the company. SunTrust Banks reduced their target price on Jack in the Box to $98.00 and set a buy rating on the stock in a report on Friday, November 22nd. BidaskClub raised Jack in the Box from a sell rating to a hold rating in a report on Friday, January 3rd. Credit Suisse Group reaffirmed a sell rating and set a $78.00 target price on shares of Jack in the Box in a report on Sunday, November 24th. ValuEngine raised Jack in the Box from a sell rating to a hold rating in a report on Wednesday, November 20th. Finally, Wedbush reissued a buy rating and issued a $105.00 price target on shares of Jack in the Box in a report on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. Jack in the Box currently has a consensus rating of Buy and an average price target of $94.82.
NASDAQ:JACK opened at $88.31 on Tuesday. The business’s 50 day moving average is $81.47 and its two-hundred day moving average is $83.39. Jack in the Box has a 52 week low of $70.77 and a 52 week high of $93.12. The company has a market cap of $2.04 billion, a PE ratio of 24.33, a P/E/G ratio of 1.60 and a beta of 0.25.
Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 20th. The restaurant operator reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Jack in the Box had a negative return on equity of 18.08% and a net margin of 9.94%. The firm had revenue of $221.24 million for the quarter, compared to the consensus estimate of $222.68 million. During the same period in the prior year, the business earned $0.77 EPS. The company’s quarterly revenue was up 24.7% on a year-over-year basis. Analysts anticipate that Jack in the Box will post 4.53 earnings per share for the current fiscal year.
In related news, CEO Leonard A. Comma sold 20,231 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.26, for a total value of $1,563,047.06. Following the sale, the chief executive officer now owns 193,413 shares of the company’s stock, valued at approximately $14,943,088.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Lance F. Tucker sold 1,313 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $79.33, for a total value of $104,160.29. Following the completion of the sale, the chief financial officer now directly owns 17,691 shares in the company, valued at approximately $1,403,427.03. The disclosure for this sale can be found here. In the last three months, insiders sold 66,016 shares of company stock worth $5,260,022. Company insiders own 2.70% of the company’s stock.
A number of institutional investors have recently made changes to their positions in JACK. Ancora Advisors LLC bought a new stake in Jack in the Box during the 4th quarter valued at $27,000. Meeder Asset Management Inc. bought a new stake in Jack in the Box during the 4th quarter valued at $71,000. Rockefeller Capital Management L.P. bought a new stake in Jack in the Box during the 4th quarter valued at $78,000. Strs Ohio raised its stake in Jack in the Box by 100.0% during the 3rd quarter. Strs Ohio now owns 1,000 shares of the restaurant operator’s stock valued at $91,000 after acquiring an additional 500 shares in the last quarter. Finally, First Mercantile Trust Co. raised its stake in Jack in the Box by 11.5% during the 3rd quarter. First Mercantile Trust Co. now owns 1,269 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 131 shares in the last quarter.
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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